As of 1 July 2018 The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act) came into effect for Lawyers.
As part of Brent Kelly Law Ltd’s commitment to the Act, we have adopted policies to enable us to assess the risk we may face from the actions of criminal activity and identify potential suspicious behaviour.
What this may mean for you?
We require Identification and proof of residential address.
If you are acting on behalf of a Trust or a company, we will ask you to provide specific information, as well as any information and identification for associated persons – such as trustees, beneficiaries or the directors etc.
We may ask for information about the purpose and nature of the matter you wish for us to attend to and information confirming the source of any funds for certain circumstances.
New Zealand has implemented this Act to increase public confidence in the financial system both nationally and abroad. Their mission is to enhance and maintain a good reputation by implementing policies and regulations to detect the financing of criminal activity and to deter money laundering.
Queries or concerns?
If you have any questions or concerns in regard to AML please contact us on 07 871 7878