Complying with the AML/CFT legislation
Following legislation that came into effect on 1 October 2018 we may be required to undertake client due diligence in order to comply with our obligations under the revised Anti-Money Laundering and Countering Financing of Terrorism regulations in New Zealand.
The information we may require (if any) will depend on the type of work we’re delivering and your type of entity. If required, we will need this information before we perform any work.
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 if we need to carry out due diligence and, if so, what information we need. This may include:
Forms of identification (for example, your passport or driver’s licence)
Proof of your address (for example a recent utility bill or rates invoice)
Your occupation and where you do business
Whether you reside in a high risk jurisdiction
Whether you are a politically exposed person (PEP)
Source of funds (or wealth)
We may need further information depending on your specific services. For example, for trusts, we may require information about trustees and beneficiaries. For companies, we may need information about directors and shareholders. We may also need to verify the source of funds for certain transactions.