AML/CFT

The revised Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) regulations of New Zealand came into effect on 1 October 2018.

Our obligations under this regulation requires us to undertake client due diligence. As such, 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.

When 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)

Further information may be required depending on the 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.

If you have any questions or concerns, please contact our office.