With the official enforcement of the amended Act on Prevention of Transfer of Criminal Proceeds on April 1, 2024, upon concluding of real estate transactions, changes in articles of incorporation and other procedures specified in the Act, as well as contracts specifying agent and other services in such procedures, in addition to the confirmation of personal identification information demanded prior to amendment of the Act, judicial and administrative scriveners are now required to confirm the following information.

– Purpose of the transaction
– If the client is a natural person, the client’s occupation
– If the client is a company or corporation, the nature of the client’s business
– If the client is a company or corporation, personal identification information for the Beneficial Owner (B.O.)

Please note that we may request our client to provide the aforementioned information upon contracting for services with Sigri Office. To be more specific, we will ask for the identification documents of the person in charge and to fill out the online form to provide further information.

We greatly appreciate your precious understanding and cooperation.