AML Requirements
AML - Important Information for clients
New Zealand has passed a law called the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (“the AML/CFT law” for short). Recent changes to the AML/CFT Act mean that from 1 July 2018 Lawyers must comply with its requirements. Lawyers must do a number of things to help combat money laundering and terrorist financing, and to help Police bring the criminals who do it to justice.
This means we need more information from you.
Please don't be offended if we ask lots of questions!
The new legislation requires that we to collect more information from clients, and in some instances share this information with third parties.
Even if we have acted for you before in the past we will still need to complete AML Due Diligence on you so we ask for your patience and co-operation. This information includes but is not limited to:
- 2 forms of original photo ID
- Proof of your address
- Verification of the source of your funds