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The AML / CTF Regulations impose on legal professionals statutory Client Due Diligence ( CDD ) and Record Keeping obligations . Legal practitioners are required to : verify the identity of new clien ...
There are 4 main pieces of legislation in Hong Kong relevant to legal practitioners that concern money laundering and terrorist financing , namely : Anti - Money Laundering and Counter - Terrorist Fina ...
Records of a transaction which is subject to a Suspicious Transaction Report and investigation should be kept until the relevant authority has confirmed that the case has been closed . Legal practition ...
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