ANTI-MONEY LAUNDERING & COUNTERING THE FINANCING OF TERRORISM (AML/CFT) ACT 2009 DEMANDS LAW FIRMS TO GATHER MORE INFORMATION ON CLIENTS’ IDENTITY.
Phase II of the AML/CFT Act requires law firms to put AML/CFT measures in place to help New Zealand government deter criminals from using our services and help detect them if they do. These initiatives will come into effect from 1 July 2018 onwards. As per the requirement of the AML/CFT Act, in most cases we need to obtain and verify information from our existing and potential clients on various aspects including:
– Full name;
– Date of birth; and
Furthermore, we would require you to provide us with:
– Your passport to verify your full name and date of birth;
– A document such as a utility bill or a letter from bank as a proof of your address;
– Information about the company or the trust together with the all controlling persons and beneficial owners like directors, trustees and beneficiaries (only if you engage us to act for your company or trust businesses);
– Information about the source of funds intend to be utilised for a transaction.
If we are not able to obtain the required information from you, we may deny acting for you and so do other law firms. Therefore, please be kind enough to provide the requested information at your earliest convenience. You may contact us if you have further concerns.
SUBMIT AML FORM
Click here to fill out and submit an AML form to Prestige.