You can let someone be your agent to help with customer due diligence. They do the procedures and get the information needed under this Act or regulations. You can rely on your agent to do this for you, as long as you follow any conditions set by regulations.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM2140881.
33: Reliance on other reporting entities or persons in another country, or
"Trusting others to check customer details for anti-money laundering"
35: Use of information obtained from third party conducting customer due diligence, or
"Using info from others to check customers and follow the law"
Subject to any conditions that may be prescribed by regulations, a reporting entity may authorise a person to be its agent and rely on that agent to conduct the customer due diligence procedures and obtain any information required for customer due diligence under this Act or regulations.
