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AML/CFT Act

From 1 October 2018 we are required to put in place increased due diligence on client identity.

In August 2017 the Anti-Money Laundering and Countering Financing of Terrorism Amendment Act was passed into NZ law, and includes the accounting, legal, real estate and other listed professions from 1 October 2018.

To comply with this legislation, we are now required to put in place increased due diligence on client identity.  This means that for you, our clients, should the nature of your work change, we may need to obtain further verification of identity to be held on our records.

Changes that may require us to carry out due diligence under the Act may be as simple as changing from a salaried job to your own business activity, or a change in trustees of a family trust, or a change in company shareholding.

We will be in contact with you if we need to obtain further information. If we contact you to request identity documents, please know there is a definite and legal requirement for us to do so, otherwise we wouldn't be doing it!

 




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