Regulations Governing Anti-Money Laundering and Counter-Terrorist Financing for Certified Public Bookkeepers and Bookkeeping and Tax Return Filing Agents
A certified public bookkeeper or bookkeeping and tax return filing agent shall, in any of the following conditions, evaluate the money laundering and terrorist financing risk of the customer and undertake customer due diligence measures of the customer in a risk-based approach:
1. In the course of building a business relationship or conducting an occasional transaction with a customer;
2. When being aware of any transaction of a customer suspected to involve money laundering or terrorist financing; or
3. When doubting the authenticity of the obtained identification information of a customer.
Evaluations of money laundering and terrorist financing risks of customers shall be performed on customer backgrounds, transaction modes, or direct sources or flows of funds. Risk evaluation documents shall also be made pursuant to the following provisions:
1. All risk factors shall be considered to assess the degree of the overall risk, and proper measures shall be established to mitigate risk.
2. Evaluation information shall be updated from time to time.
A transaction shall be evaluated as “high risk” if the funds in the preceding paragraph directly come from, or flow to, a high-risk country or region, or the customer comes from a high-risk country or region, or if the transaction is not carried out face-to-face by a customer and a certified public bookkeeper or a bookkeeping and tax return filing agent, or if new technology is applied to perform the business, or if the customer and the beneficial owner are politically exposed persons entrusted with prominent public function, or their family members and close associates as defined in Paragraph 3 of Article 7 of the Act.
A certified public bookkeeper or bookkeeping and tax return filing agent shall obtain the prior consent of the principal or the management before building a business relationship with a customer if the customer is assessed as ”high risk” in terms of money laundering and terrorist financing.