The NOvA publishes updated guidelines for lawyers and firms on anti-money laundering

The new manual outlines tools to help lawyers and law firms comply with the obligations set out in the Money Laundering and Terrorist Financing Prevention Act (Wwft). These include which lawyers are (not) subject to the Wwft, what services are subject to the Wwft and which fall under the so-called process exemption, what the customer due diligence looks like, what role the UBO registration plays in this and how the report of an unusual transaction should be made.

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