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). This law requires us to do a number of things to help combat money laundering and terrorist financing, and to help Police bring the criminals involved to justice. The law requires law firms and other professionals assess the risk they may face from the actions of money launderers and people who finance terrorism, and to identify potentially suspicious activity.
To make that assessment, we must obtain and verify information about a range of things and take reasonable steps to make sure the information we receive from clients is correct, hence the need to ask for documents that show this. This is part of what the AML/CFT law calls Customer Due Dilligence (CDD).
This information we need to obtain from you and verify includes:
- Your full name and
- Your date of birth and
- Your address and
- Your IRD number
We will need certified photo ID documents such as your passport or driver's licence and a certified utility document such as an original current bank statement or rates bill showing your residential address. For further information, please refer to the ID requirement link.
If you are seeing us about a Company or a Trust, we will need additional information about the people associated with it such as directors and shareholders, trustees and beneficiaries. We will also need to ask you information confirming the source of funds for a transaction.
Please take the time to provide the necessary documents as we are unable to action any transaction without obtaining the required information from you.