Obligation of the Attorney under Act No. 253/2008 Coll Sample Clauses

Obligation of the Attorney under Act No. 253/2008 Coll. 1. The Client further acknowledges that the Attorney is in accordance with § 2 section 1. subsection g) of Act No. 253/2008 Coll., on selected measures against legitimization of proceeds of crime and financing of terrorism (hereinafter "the AML Act") obliged, when carrying out the activities specified in this provision (*) and in the context of fighting such activities, to do the following: - identify the client in the cases specified in § 7 of the AML Act in the manner specified in §8 AML of the Act - carry out client control in accordance with § 9 of the AML Act to detect suspicious transactions - report suspicious transactions to the Czech Bar Association in accordance with § 18 of the AML Act and the Resolution of the Board of the Czech Bar Association No. 2/2008
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Obligation of the Attorney under Act No. 253/2008 Coll. The Guarantor further acknowledges that the Attorney is in accordance with § 2 section 1. subsection g) of Act No. 253/2008 Coll., on selected measures against legitimization of proceeds of crime and financing of terrorism (hereinafter "the AML Act") obliged, when carrying out the activities specified in this provision (*) and in the context of fighting such activities, to do the following: identify the client in the cases specified in § 7 of the AML Act in the manner specified in §8 AML of the Act carry out client control in accordance with § 9 of the AML Act to detect suspicious transactions report suspicious transactions to the Czech Bar Association in accordance with § 18 of the AML Act and the Resolution of the Board of the Czech Bar Association No. 2/2008 The control and reporting duties do not apply to the cases specified in § 27 section 1 of the AML Act (• provision of legal advice or the later determination of the client’s legal standing, • defending the client in criminal law proceedings, • representation of the client in court proceedings, • provision of any legal advice concerning criminal proceedings or other proceedings before the courts, regardless of whether or not the proceedings have already been initiated or terminated) For the purpose of this Act, a suspicious transaction shall mean a transaction the circumstances of which lead to a suspicion of legitimization of proceeds of crime or financing of terrorism or any other circumstance supporting such a suspicion. (*) the activities referred to in § 2 (1) g) the AML Act are in particular the safekeeping of money, securities or other valuables of the client, or when the services provided consist in negotiating on behalf of the client in the cases specified in this provision.

Related to Obligation of the Attorney under Act No. 253/2008 Coll

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