AML/CFT

The abbreviation “AML/CFT” stands for Anti-Money Laundering and Countering Financing of Terrorism.

The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act) places obligations on New Zealand’s financial institutions and other sections of the economy to detect and deter money laundering and terrorism financing, and thereby by contributing to protecting and enhancing the reputation of New Zealand as a safe place in which to do business.

In order to fulfil its Customer Due Diligence (CDD) obligations, Gilrose requires all customers to supply Proof of Identification and in certain circumstances Proof of Address documents.

For more information, refer to the Ministry of Justice and Department of Internal Affairs documents attached, which provide a General Overview and a Fact Sheet Guideline as to why customers are asked to provide these documents:

JUS0035-AML-Collateral-1-Sided-Brochure.pdf

proof-of-identification-info-sheet-English-Dec-2017-a.pdf