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Anti-Money Laundering

From 1 July 2018 we will be required to obtain more information from you. This is part of the Anti-Money Laundering and Countering Financing of Terrorism Act 2008 (AML/CFT).

The purpose of this Act is to prevent money laundering or the financing of any terrorism. By requiring more information from you, we have more knowledge about the transactions we are undertaking on your behalf and are able to ensure that we are not in breach of our requirements under the Act. If we have any suspicions, we have an obligation to report this.

When we meet with you to discuss new Accounting matters, we may require what is called "customer due diligence" (CDD) from you, whereby you may be asked to provide us with the following documents:

Client   Information Required
 Person  

Proof of your identity and date of birth – such as passport, firearms licence, driver licence or birth certificate.

Proof of your address – such as a recent utilities bill or bank statement.

Company
 or
Trust
 

Same as above but we will require further information about other people involved in the company or Trust like the details of people who are Directors, Shareholders, Trustees or Beneficiaries.

We may also ask questions about the source of the money, and the reason for the proposed work you are asking us to do.


We will be required to have the above information before we can carry any work out for you, and if you cannot provide this for us then we will be unable to act for you.

If you have any questions about these changes, feel free to contact one of the team at ICL Chartered Accountants on either (03)4400100 or enquiries@iclca.co.nz

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