September 4 2016
Starting last Friday, lawyers and accountants granting business service to clients are exposed to sanctions if they provide service to a client suspected of being involved in money laundering, or if they have not yet completely fulfilled their duty to identify their clients in compliance with the amendment passed last year to the Prohibition on Money Laundering Law.
Last September, the rules applying to lawyers and accountants changed when the amendment took effect – an amendment aimed at making it difficult for lawyers and accountants to serve clients “suspected” of money laundering.