New Zealand is committed to supporting the international initiative to stamp out criminal activity around money laundering and financing of criminal activity (AML / CFT) therefore lawyers must comply with the Anti-Money Laundering and Countering Financing of Terrorism Act 2009.
The law requires that we and other professionals collect basic information on all clients prior to acting. We will need to obtain and verify the following:
- Basic contact about you and;
- Proof of identity and;
- Proof of your residential address that is less than three months old
In some circumstances e.g. trusts, companies, or large cash amounts; we will also need to ask for some additional information about sources of income or funds you are using for your transactions.
If you would like to get ahead of the paperwork, feel free to download and complete our personal information form here.
For more information regarding AML/CFT please feel free to contact us, or follow this link: www.keepourmoneyclean.govt.nz to the NZ government website.