Resources

AML check

Check whether you need to provide an anti-money-laundering information sheet to your lawyer for your file.

Lawyers fall under the Anti-Money Laundering Act, but only when carrying out certain specific, legally listed transactions, not for the core activity of the profession, such as conducting proceedings or dispute resolution. Tick below which of these transactions apply to your file.

Purchase or sale of a home, land or business
Management of money, securities or other assets on your behalf
Opening or managing a bank, savings or securities account
Organising the contribution for the incorporation, operation or management of a company
Incorporation, operation or management of a trust, fiduciary structure, company or foundation
Acting in your name and on your behalf in a financial transaction or a real-estate transaction

Estimate

In principle not subject

Based on your answers, this concerns dispute resolution or another core activity of the legal profession, which in principle falls outside the Anti-Money Laundering Act.

Why is this needed?

Lawyers belong to the third category of subject entities under the Anti-Money Laundering Act (art. 5, § 1, 28°), but only for a limited, exhaustively listed set of transactions that do not belong to the core activity of the profession.

When a lawyer carries out such a transaction, customer due diligence must first take place: identification, the origin of the funds and the purpose of the transaction. The anti-money-laundering information sheet allows the lawyer to properly comply with that obligation.