Accountants (Prevention of Money Laundering and Financing of Terrorism) Rules 2023

  Table of Contents

  Enacting Formula

1 Citation and commencement

2 Definitions

3 Purpose of Rules and application

4 General duties

5 Performance of customer due diligence measures

6 Identification and verification of identity of clients and agents

7 Identification and verification of identity of beneficial owners

8 Timing for verification

9 Screening of client

10 Performance of customer due diligence measures by third parties

11 Ongoing monitoring

12 Simplified customer due diligence measures

13 Politically-exposed persons

14 Enhanced customer due diligence and enhanced ongoing monitoring in other cases

15 Requirement to cease transactions, etc.

16 Record keeping

17 Internal policies, procedures and controls

18 Group policy

19 Duty to assess and report

20 Audit and compliance management

21 Employees

22 Provision for information