You may have already been asked for increased proof of identity and in some cases, information regarding your tax residency by your bank or lawyer.

From 1 October 2018 all New Zealand Accountants need to comply with the Anti-Money Laundering and Countering Financing of Terrorism Act 2009.

To meet compliance of the Act, DPA may request additional information from you to verify both your proof of identity and address.  Documents such as your Passport, Driver Licence and Birth Certificate, and documents that show your address (current bank statement, rates demand) will be required.  The Department of Internal Affairs fact sheet can be found here.

We may also need to ask you for further information about the nature and purpose of any new work you instruct us to do, especially when it involves a Trust or a Company.  Information confirming the source of funds for a transaction may also be necessary to meet legal requirements.

We know it can be inconvenient and your time is important, and we will try and make it as painless as possible.  Please call us if you have any concerns.