Regulations Governing Anti-Money Laundering and Countering the Financing of Terrorism for Certified Public Accountants Article 8

If there exists any of the following situations in the CDD process, a CPA shall consider declining to establish a business relationship or carry out any transaction with the customer:1. The customer is suspected of opening an anonymous account or using a fake name, a nominee, a shell firm, or a shell corporation or entity to conduct a transaction;2. The customer refuses to provide the required documents for identifying and verifying its identity;3. A person acts on behalf of a customer to conduct a transaction, and it is difficult to check and verify the fact of authorization and identity-related information;4. The customer uses forged or altered identification documents;5. The customer provides only photocopies of the identification documents. However, this does not apply to business for which a photocopy or image file of the identification document supplemented with other control measures are acceptable under applicable rules;6. Documents provided by the customer are suspicious or unclear, or the customer refuses to provide other supporting documents, or the documents provided cannot be authenticated;7. The customer procrastinates in providing identification documents in an unusual manner;8. The customer is an individual, a legal person or an organization sanctioned under the Counter-Terrorism Financing Act, or a terrorist or terrorist group identified or investigated by a foreign government or an international anti-money laundering organization. However, this does not apply to payments made under subparagraphs 1 to 3, paragraph 1, Article 6 of the Counter-Terrorism Financing Act; or9. Other unusual circumstances exist in the process of establishing a business relationship or conducting transactions and the customer fails to provide reasonable explanations.