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Anti-Money Laundering/Counter Financing Terrorism
Anti-Money Laundering/Counter Financing Terrorism
Money Laundering is the process criminals use to 'clean' money made from crimes such as fraud, dealing in illegal drugs and trafficking. Criminals can make the money look as though it was from a legitimate source in order to cover their tracks and avoid detection. Criminal organisations target businesses and countries that have weak systems and controls that can be exploited.
It is estimated that over $1 billion a year comes from drug dealing and fraud, and is laundered through New Zealand businesses.
Protecting New Zealand
From 1 October 2018 Accountants have been covered by the Anti-Money Laundering and Countering Financing Terrorism Act 2009. Therefore, we need to ensure we can identify our customer, know your addresses and, in some cases, know your source of funds
Protecting New Zealand
From 1 October 2018 Accountants have been covered by the Anti-Money Laundering and Countering Financing Terrorism Act 2009. Therefore, we need to ensure we can identify our customer, know your addresses and, in some cases, know your source of funds
What this means for you?
We need to verify who you are, and the nature of your business with us before we do any work for you. This is called 'Customer Due Diligence'.
What this means for you?
We need to verify who you are, and the nature of your business with us before we do any work for you. This is called 'Customer Due Diligence'.
Identity Verification
One form of id is required if you supply us with the original of your current NZ passport or NZ Firearms Licence. We also need a utility bill so we can verify your address. If you don't have one of the above, we need two forms of identification, such as a NZ Drivers Licence plus a bank statement. The bank statement can also be used to verify your address. If you are not able to bring the originals into our office, we can accept certified copies.
Please note, there are other options available, please contact us to find out what they are.​
Identity Verification
One form of id is required if you supply us with the original of your current NZ passport or NZ Firearms Licence. We also need a utility bill so we can verify your address. If you don't have one of the above, we need two forms of identification, such as a NZ Drivers Licence plus a bank statement. The bank statement can also be used to verify your address. If you are not able to bring the originals into our office, we can accept certified copies.
Please note, there are other options available, please contact us to find out what they are.​
What can you do?
Generally speaking, customers do not need to do anything. Simply be aware that by law some extra information may be required from you. Even if​ you are an existing customer, you may be asked to confirm that you are who you say you are and, in some cases, tell us where the money you are going to use has come from. For more information visit keepourmoneyclean.govt.nz
What can you do?
Generally speaking, customers do not need to do anything. Simply be aware that by law some extra information may be required from you. Even if​ you are an existing customer, you may be asked to confirm that you are who you say you are and, in some cases, tell us where the money you are going to use has come from. For more information visit keepourmoneyclean.govt.nz