The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (“AML/CFT”) is legislation introduced to show New Zealand’s commitment to help prevent AML/CFT activities on a global scale.
From 1 July 2018 all law firms need to perform customer due diligence (“CDD”) on clients, even those that are well known to the firm, to ascertain the risk level to the firm for possible AML/CFT activity. This is a requirement of the AML/CFT Act.
In order for us to act for you we must complete CDD on you before we can act for you.
To complete this we require from you:
• Your full name;
• Date of birth; and
• Your street and postal addresses.
We require verification of identity and will need to see and keep a copy of either:
• Your current passport; or
• Firearms Licence; or
• Certificate of Identity
If you do not have either of these then:
• NZ or overseas driver’s licence; or
• 18+ Card
• Birth Certificate; or
• Bank Statement; or
• Debit/Credit card
For proof of street address we require either:
• Utility bill; or
• Rates bill; or
• Bank statement.
If you are coming to see us about a company or trust then we will require the above information and identification for all trustees, directors and shareholders as well as company identifier or registration number. For beneficiaries of trusts or estates we will require their name and date of birth.
We may from time to time require information about the source of funds used in any given transaction.
If we cannot complete CDD on you, or cannot verify identification you have provided, then we are not permitted to act for you under this new legislation.