Regulations Governing Anti-Money Laundering and Counter-Terrorism Financing for Notaries Article 14
This English translation was last updated on 2021-01-25, but the Chinese text was amended on 2024-10-28. Later amendments may not be reflected in the translation — please refer to the Chinese text.
In conducting due diligence on the applicant, a notary shall filter names or titles of the applicant, the beneficial owner, the senior managerial officer and the counterparty of transaction and confirm whether they are individuals, legal persons, or organizations sanctioned under Article 4 or Article 5 of the Terrorism Financing Prevention Act or terrorists or terrorist groups identified or investigated by a foreign government or an international organization.The policies and procedures for watch list filtering under the preceding paragraph shall include the matching and screening logics, the implementation procedure for filtering operation, and review standards, and shall be set forth in the essential enforcement points under Article 4. A notary shall record the status of filtering implemented under Paragraph 1 and shall maintain the records in accordance with Article 20.