1. Purpose

As a legal practice, MHAIDAR LAW may be required to conduct client due diligence and ongoing monitoring in accordance with applicable anti-money laundering and counter-terrorist financing obligations.

2. Legal framework

This notice is prepared with reference to: • Law 188(I)/2007 of the Republic of Cyprus on the Prevention and Suppression of Money Laundering and Terrorist Financing, as amended; • Directive (EU) 2015/849, the 4th Anti-Money Laundering Directive; • Directive (EU) 2018/843, the 5th Anti-Money Laundering Directive; • applicable Cyprus Bar Association guidance and professional obligations.

3. Information that may be requested

We may request: • passport or identity card; • proof of address; • corporate certificates and registers; • ownership and control structure; • beneficial ownership information; • source of funds and source of wealth information; • purpose and nature of the transaction; • bank references or supporting documents; • sanctions screening information.

4. Failure to provide information

If required documents or information are not provided, MHAIDAR LAW may be unable to accept instructions, continue acting or complete a transaction.

5. Reporting obligations

Where required by law, MHAIDAR LAW may be subject to reporting, non-disclosure and other obligations. In such cases, legal and professional duties will be followed.

MHAIDAR LAW | Draft website compliance document | To be reviewed before publication