PREVENTION OF MONEY LAUNDERING
Attorneys are subject to the preventive component of the money-laundering legislation (Act of 18 September 2017 on the prevention of money laundering and terrorist financing and on the restriction of the use of cash). This legislation aims to combat (among other things) money laundering and the financing of terrorism and, to this end, imposes a number of mandatory obligations on attorneys. Failure to comply with these can result in temporary sanctions and administrative fines.
Depending on the nature of the services that TLA is required to provide to you, it may be required to strictly comply with anti-money laundering and anti-terrorist financing laws and bar regulations. If the client refuses to provide the information after it has been requested, TLA will not be able to enter into the business relationship and, if he has already acted provisionally, he will have to terminate his further intervention.
When attorneys, in carrying out the work envisaged by the law, ascertain facts that they know or suspect are related to money laundering or terrorist financing, they must immediately report this to the president of their bar association, except when their activities are intended to determine the legal status of their client or for the defence or representation of their client in (connection with) a legal action. The president of the bar association will decide whether or not to pass on the information received to the Financial Intelligence Processing Unit.
TLA is not liable to the client for the consequences of any reporting made in good faith.