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By Hannah

I'm a Director at CS Law

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Anti-Money Laundering Information Sheet

Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML)

As you may be aware lawyers and law firms are now caught by the AML rules just like banks and other institutions such as accountants and real estate agents.

The purpose of this legislation is to detect and deter money laundering in New Zealand and also the financing of terrorism. The ultimate goal being to enhance New Zealand’s international reputation.

What this means for you and us

This means that we now have to meet the requirements of the Act by carrying out customer due diligence on all our customers.

We will do this the next time you contact us to start a new matter together but after that we will just touch base with you from time to time to make sure everything is up to date.

The types of information we need are full legal names, dates of birth and address. These thing need to be verified either by bringing the originals in so one of our team can verify them or by getting certified copies taken with your local Justice of the Peace and sending them in to us.

We will also ask you about the type of work you would like us to do for you and in some cases we will need to discuss the source of funds and source of wealth. We will do our best to guide your through the process of what is needed.

If you get stuck or need assistance please call or email us and one of our team will assist you.