AML/CFT

Legalpath is required to obtain and verify information from prospective and existing clients under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT) before commencing any work on any transaction. This requires us to collect certain information about Individuals and Entities related to your transaction.


We have engaged a New Zealand-based company, First AML Limited, to help us undertake the checks required. The information they need to obtain from you and verify includes:

 

- Your full name, date of birth, and address. In the case of Companies or Trusts, the Directors, Shareholders, Trustees and Trust Beneficiaries may also need to provide this information.

- Information regarding any Entity associated with your property transaction i.e. if a Trust is involved, the Trust Deed will need to be provided.

- In some cases, Source of Wealth/Funds may be required. This is evidence proving how the Entity acquired its funds or wealth, e.g. through the sale of assets, business proceeds, gifting etc.


Once we have received your accepted quote and payment of your initial fee you will be provided with confirmation of your request and First AML will contact you directly to collect and verify the information required under the AML/CFT legislation.

 

Please take the time to provide the necessary documents to First AML as we are unable to action any transaction without obtaining the required information from you.

 

 

 

acceptable-forms-of-identification-and-address-verification [PDF]