New Zealand Law Society - AML specimen compliance documents

AML specimen compliance documents

The New Zealand Law Society has provided to the profession some specimen AML/CFT compliance documents.

The intention is to provide a helpful starting point for lawyers to assist with understanding their obligations under the AML/CFT Act and to develop internal policies and procedures to meet those obligations. The documents are not prescribed forms and they will require adaptation.

The New Zealand Law Society has released a suggested one-page explanation which lawyers can give clients to explain why they will need to collect and verify information as part of customer due diligence under the Anti-Money Laundering and Countering Funding of Terrorism requirements.