Tools for Customer Due Diligence (“CDD”)
The Identity Verification Code of Practice (2013) is a guideline for verifying ID in New Zealand. Parts 1 and 2 focus on types of documents and certification standards by trusted persons, while part 3 focus on electronic verification. Find a link to it here.
The Beneficial Ownership Guideline helps reporting entities in meeting the requirement to perform customer due diligence on the customer and beneficial owners of the customer, under sections 11-26 of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. Find a link to it here.
The Audit Guideline sets out guidelines for reporting entities when they consider what they should factor in, when getting an Independent Audit completed. Find a link to it here.
The Enhanced Customer Due Diligence (“ECDD”) Guidelines set out guidance for conducting ECDD in accordance under sections 22-26 of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. Find a link to it here.