Regulations on Anti-Money Laundering & Countering the Financing of Terrorism Operations Matters Conducted by Attorneys Article 14

The leading attorney or the managing attorney shall prepare AML/CFT risk assessment report of his/her firm, and shall update such risk assessment report on annual basis.The preparation and update of the risk assessment report under the preceding paragraph shall take into consideration the client’s identity, the type of case retained by the client, the type of transaction, geographic risk, payment method, business practice and other matters related to the risk.The leading attorney or the managing attorney shall provide the risk assessment report according to the audit schedule of the Ministry of Justice.