Legal Profession (Prevention of Money Laundering and Financing of Terrorism) Rules 2015
Table of Contents
Enacting Formula
Part 1 PRELIMINARY
1 Citation and commencement
2 Definitions
3 Prescribed types of advocates and solicitors and foreign lawyers
Part 2 CUSTOMER DUE DILIGENCE MEASURES
4 Prescribed customer due diligence measures
5 Client suspected of money laundering or financing of terrorism
6 General customer due diligence measures in relation to client
7 General customer due diligence measures in relation to individual purporting to act on behalf of client
8 General customer due diligence measures in relation to entity or legal arrangement
9 General customer due diligence measures in relation to business relationships
10 Specific customer due diligence measures for legal practitioners who act as trustees
11 Timing of certain customer due diligence measures
12 Risk based approach
13 Enhanced customer due diligence measures
14 Existing clients
15 Inability to complete customer due diligence measures
16 Tipping-off
17 Performance of customer due diligence measures by third parties
18 Internal controls and foreign branches and subsidiaries
Part 3 KEEPING OF RECORDS
19 Period of maintenance of documents and records relating to relevant matters
20 Period of maintenance of documents and records obtained through customer due diligence measures
21 Sufficiency of documents and records relating to relevant matters
22 Documents and records to be made available to Council
Part 4 NEW TECHNOLOGIES, SERVICES AND BUSINESS PRACTICES
23 Identification and assessment of risks from new technologies, etc.
24 Management and mitigation of risks from new technologies, etc.
Part 5 MISCELLANEOUS
25 Basis for determination whether to file suspicious transaction report
26 Powers of inspection by Council
27 Prescribed types of disciplinary proceedings
28 Prescribed types of regulatory actions
29 Practice directions, guidance notes and rulings
30 Savings and transitional provision