Anti-Money Laundering and Countering Financing of Terrorism Act
Due to the revised Anti-Money Laundering and Countering Financing of Terrorism Act in New Zealand, we may be required to undertake additional client due diligence in order to comply with our obligations. This comes into effect from 1 October 2018.
What information is required?
This will depend on the type of work we’re delivering and the type of entity. For example, we may request;
Forms of identification (i.e. driver’s licence or passport)
Proof of your address (e.g. utility bill within the last 3 months)
Whether you reside in a high-risk jurisdiction
Whether you are a politically exposed person (PEP)
For trust, we will need information about trustees and beneficiaries and also the verification of the source of funds
For companies, we may need information about directors and shareholders. We may also need to verify the source of funds for certain transactions.
For a more detailed list of what information we may request from you, please click below.
If required, we will need this information before we perform any additional or new work.
When is information required?
The next time we receive instructions from you, or if there is a material change in the nature of your work, we will let you know what due diligence tasks we need you to carry out and what information we require.
If you’d like further information on the Anti-Money Laundering and Countering Financing of Terrorism Act and regulations, please go to the Department of Internal Affairs website or contact us.
