Regulations Governing Anti-Money Laundering and Counter-Terrorism Financing for Notaries Article 3

In conducting notarization and attestation affairs, a notary shall take appropriate acts to identify, assess and understand the risks of his probable assistance in money laundering or terrorist financing (ML/TF). Such acts shall include: 1. Prepare ML/TF risk assessment reports and make them available at the court notary division or the civil notary office. 2. In preparing risk assessment reports under the preceding subparagraph, a notary shall take into account such risk factors as the background of the applicant for specific transaction, whether the applicant comes from high-risk country or territory, direct source or destination of funds, truncation amount and transaction type, and transaction channel etc. so as to determine the level of his risks and the control measures for mitigation of such risks. 3. Contents of the risk assessment reports shall be reviewed at least once every two years, and shall be updated according to the review results in due time.