Anti-Money Laundering

1 JULY 2018

From 1 July 2018 we will be required to obtain more information from you.  This is part of Hewat Galt’s compliance with the Anti Money Laundering and Counter Financing of Terrorism Act 2009 (AML/CFT).

The purpose of this Act is to prevent money laundering or the financing of any terrorism.  By asking you for more information, we are able to have more knowledge about the transactions we are undertaking on your behalf and we are able to ensure that we are not in breach of our requirements under the Act.  If we have reason to believe suspicion we are obligated to report this.

When we first meet with you at our offices to discuss your new legal matters we will be asking for Customer Due Diligence.  This is similar to what we already ask from you but we may need further supporting documentation from you.

INDIVIDUAL – Proof of Identity, date of birth (drivers licence, birth certificate, passport, proof of address, IRD Numbers)

COMPANY/TRUST – As above but we will also require further information about Trustee’s, Directors, Shareholders or Beneficiaries

We may ask you questions about the source of any money and the reasons for the proposed work you are asking us to do.

We will have to have this information before we can carry out any work on your behalf.  If you are unable to provide us this information then we will be unable to act for you.

We will not need to hold on to original documents but will be able to take photocopies at the office and hold in our records.

Please do not hesitate to call the team at Hewat Galt if you have any questions.

Thank you.