Regulations Governing Anti-Money Laundering and Counter-Terrorism Financing for Notaries Article 2
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.
The terms used in these Regulations are defined as follows:1. Notary: shall refer to the court notary as defined under Paragraph 1 and Paragraph 3 of Article 22 of the Notary Act, and the civil notary who is appointed under Paragraph 1of Article 24 of the Notary Act. 2. Specific Transaction: shall refer to the transaction listed in Subparagraph 3 of Paragraph 3 of Article 5 of the Act.3. Beneficial Owner: shall refer to a natural person who directly or indirectly holds more than twenty-five percent (25%) of shares or capitals and ultimately owns or controls over a legal person or organization, or a natural person who exercises control over such legal person or organization through other means. 4. Risk-Based Approach: shall refer to three measures of risk assessment, risk mitigation and risk monitoring conducted. 5. High Risk Country or Territory: shall mean a country or territory listed under Paragraph 2 of Article 11 of the Act.