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Anti-Money Laundering and Countering Financing of Terrorism Act 2009

AML/CFT requirements and compliance - Customer due diligence

13: Basis for verifying identity

You could also call this:

"How to check someone's identity using trusted documents or information"

Illustration for Anti-Money Laundering and Countering Financing of Terrorism Act 2009

You need to verify someone's identity using documents or information from a reliable source. This source must be independent, meaning it is not connected to the person being verified. You can also use other methods that are specified in regulations for certain situations or customers.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM2140850.

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Part 2AML/CFT requirements and compliance
Customer due diligence

13Basis for verifying identity

  1. Verification of identity must be done on—

  2. the basis of documents, data, or information issued by a reliable and independent source; or
    1. any other basis applying to a specified situation, customer, product, service, business relationship, or transaction prescribed by regulations.