Singapore legislation

Regulation 6

of Legal Profession (Prevention of Money Laundering, Financing of Terrorism and Proliferation Financing) Rules 2015

Regulation 6

General customer due diligence measures in relation to client

Amended byS 473/2025 wef 01/07/2025S 473/2025 wef 01/07/2025

Subregulation 1

Amended byS 473/2025 wef 01/07/2025S 473/2025 wef 01/07/2025

At the applicable time specified in rule 11, a legal practitioner or law practice must perform the following customer due diligence measures in relation to a client:

(a)

ascertain the identity of the client;

(b)

verify the client’s identity using objectively reliable and independent source documents, data or information;

(c)

take reasonable measures to determine whether the client is a politically-exposed individual, or a family member or close associate of any such individual;

(d)

identify and, if appropriate, obtain information on the purpose and intended nature of the business relationship with the client.

Subregulation 2

Where the client is an entity or a legal arrangement, the customer due diligence measures that a legal practitioner or law practice must perform under paragraph (1)(a) and (b) include identifying the client and verifying the client’s identity, respectively, through the following information:

(a)

the name of the client;

(b)

the legal form of the client;

(c)

the documents that prove the existence of the client;

(d)

the documents that regulate and bind the client (such as the constitution, or the memorandum and articles of association, of a company, if the client is a company, or the trust deed of an express trust, if the client is an express trust);

(e)

the individuals in the senior management of the client;

(f)

the address of the registered office of the client;

(g)

the address of a principal place of business of the client, if the registered office of the client is not a principal place of business of the client.

Subregulation 3

[Deleted by S 473/2025 wef 01/07/2025]