Regulations on Anti-Money Laundering & Countering the Financing of Terrorism Operations Matters Conducted by Attorneys Article 3

The attorney, who is retained to prepare or engage in the designated transactions under each matter of Subparagraphs 3,6 of Paragraph 3 of Article 5 of the Act, shall conduct Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) procedures to verify the identity of the client according to the provisions of Article 4 to Article 8, and shall retain the document to verify identity and necessary transaction records according to Article 9. If the retained matter includes any situation in the provision of Article 10, it shall be reported to the Investigation Bureau of the Ministry of Justice according to provision of Article 11.The act of “prepare” specified in the preceding paragraph refers to the preliminary works of managing transactions after attorney being retained.