Anti-Money Laundering and Countering Financing of Terrorism Act

From January 2019 real estate companies became subject to the verification of identity requirements of the amended Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act 2009).

Therefore Lochore’s is required by law to collect information from you that will confirm your identity and your address. The information you supply needs to show your name and date of birth. In some situations, the source of your wealth or funds may also need to be proven.

The regulations are designed to prevent legal and financial services being misused for criminal activity.


How does the Act affect you as a client?

The Act requires us to collect identification information about you or anyone acting on your behalf prior to selling a property. Identification needs to be sighted by us in your presence. If this is not possible you will need to provide us with certified copies from a trusted referee such as a lawyer or justice of the peace.


How to provide proof of identity

Identification is most easily verified by a passport which has your photograph, date of birth and signature. If you do not have a passport there is a list below of other acceptable documents for identification purposes.

If you are a new client, you will need to present the ID at our first meeting with you either in the home or at our office, as the regulations require us to view the documents in your presence. We will also take a copy for our records. Certified copies of the original documents listed below are also acceptable from any person who is authorised to take statutory declarations, providing the certification is dated within three months of presenting the document to us.

When to provide this information

The verification of identity must take place before we can start work on your behalf when undertaking work involving a real estate transaction as it relates to the Real Estate Agents Act 2008.

Individual identification documents

Individuals must provide us with a form of identification from the options listed below.

  • One form of ID must contain a photograph, your full given name and date of birth.
  • Proof of residential address must also be provided and also the reason for selling.

Document requirements

Primary ID Documents

  • New Zealand passport
  • Overseas passport
  • New Zealand certificate of identity
  • New Zealand refugee travel document
  • Emergency travel document
  • Document issued for the purpose of international travel
  • New Zealand firearms licence
  • National identity card

Secondary ID Documents

None required

Primary ID Documents

  • New Zealand driver’s licence

Secondary ID Documents

  • Super Gold Card (both sides with or without photo)
  • Credit card (with matching signature and embossed name)
  • Bank statement
  • Government agency statement

Primary ID Documents

  • New Zealand full birth certificate
  • Overseas full birth certificate
  • Certificate of New Zealand citizenship
  • Overseas citizen certificate

Secondary ID Documents

  • New Zealand driver’s licence
  • Overseas driver’s licence (with photo) with an English translation
    (if required) and accompanied by an international driving permit
  • 18+ card
  • Student ID for New Zealand institution (under 18 only)
  • New Zealand Armed Forces ID
  • New Zealand Police ID
  • Super Gold Card (both sides with photo)

Proof of address:

Evidence of your current residential address must be dated within the last three months and may not be a document addressed to a PO box number. Proof may be provided using one of the following:

  • Bank statement or correspondence from a financial institution
  • Utility bill, e.g. local authority rates demand, power bill
  • Insurance policy document
  • Tenancy agreement or unexpired rental agreement
  • Correspondence from a Government Agency, e.g. IRD
  • NZ-registered superannuation/KiwiSaver scheme

Proof of address documents must:

  • Include your name
  • Include your current residential address
  • A PO box number is not acceptable unless the document includes your residential address and above details

If you would like more information about the recent Anti Money Laundering Act, please call one of our team on 09 481 0639.