Legal Profession (Prevention of Money Laundering, Financing of Terrorism and Proliferation Financing) Rules 2015 · As enacted · Part 2 · Customer Due Diligence Measures
15. Inability to complete customer due diligence measures
Feedback & supportWhere a legal practitioner or law practice is unable to complete any customer due diligence measures prescribed in this Part in relation to a client, the legal practitioner or law practice —
must not commence any new business relationship, and must terminate any existing business relationship, with the client;
must not undertake any transaction for the client; and
must consider whether to file a suspicious transaction report in relation to the client.
For the purposes of paragraph (1), the legal practitioner or law practice is unable to complete those customer due diligence measures, if —
the legal practitioner or law practice is unable to obtain, or to verify, any information required as part of those customer due diligence measures; or
the legal practitioner or law practice does not receive a satisfactory response to any inquiry in relation to any information required as part of those customer due diligence measures.
Subregulation 1
Where a legal practitioner or law practice is unable to complete any customer due diligence measures prescribed in this Part in relation to a client, the legal practitioner or law practice —
must not commence any new business relationship, and must terminate any existing business relationship, with the client;
must not undertake any transaction for the client; and
must consider whether to file a suspicious transaction report in relation to the client.
Subregulation 2
For the purposes of paragraph (1), the legal practitioner or law practice is unable to complete those customer due diligence measures, if —
the legal practitioner or law practice is unable to obtain, or to verify, any information required as part of those customer due diligence measures; or
the legal practitioner or law practice does not receive a satisfactory response to any inquiry in relation to any information required as part of those customer due diligence measures.