Anti-Money Laundering and Countering Financing of Terrorism Act (AML)

The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 ("the Act") came into effect on 30 June 2013.

The information contained in this section is subject to changes to government policy and law, and changes to the Anti-Money Laundering and Countering Financing of Terrorism Act from time to time.

 

At NBS, we're taking this law very seriously and are committed to preventing our services and systems from being misused for criminal activities.

Here's some information about the Act and how it could affect you:

How will the new Act affect me?

The Act means we need to collect extra information from you and anyone who is acting on behalf. For example, you may need to show us identity documents such as your passport, birth certificate or driver's licence, as well as a document confirming your address (e.g. a utility bill, insurance bill or bank statement).

Examples where this information will be required include:

  • You open a new account
  • Your personal details change - e.g. you change your name
  • There's a change to your banking relationship with us - e.g. you start trading as a business

To find out more about acceptable forms of identification and proof of address call us on 0800 101 700.

How will the new Act affect businesses, trusts and other types of organisations?

Businesses, trusts and other types of organisations need to provide specific information about themselves and anyone who is acting on their behalf (e.g. anyone who has signing authority or power of attorney).

We also collect information about anyone who:

  • Owns more than 25% of the organisation; and/or
  • Has a high degree of influence or authority over the organisations's operation (e.g. managing director, chief executive, chief financial officer, trustees).

Important Note:

It's essential that NBS complies with the Act.  Sometimes this may mean that we won't be able to complete your transaction or meet your needs until all of the necessary information is provided.

Protecting your privacy

We're committed to protecting the privacy of our customer's information.  All identity and other personal information you provide will be used and managed in line with the Privacy Act 1993.

Want to know more?

You can get more information about the Act and how it may affect you:

 

 

 

 

You must provide one form of primary photographic (photo) identification document (ID) AND one form of supporting ID:

If you provide a primary photo ID marked with an *, no secondary form is required.

Primary Photo ID Types

An original, current and valid form of the following types of identification:

  • New Zealand Passport*
  • New Zealand Firearms Licence*
  • New Zealand Certificate of Identity*
  • Overseas Passport*
  • New Zealand Driver's Licence
  • New Zealand Refuge Travel Document
  • Emergency Travel Document
  • Foreign-issued National Identity Document

Note:  An expired passport is acceptable if it has expired within the last 2 years and is not cancelled, defaced or mutilated.

Supporting ID Types

  • New Zealand Birth Certificate
  • Certificate of New Zealand Citizenship
  • A valid and current International Driving Permit
  • 18+ Card
  • Community Services Card
  • A credit card, debit or eftpos card issued by a registered New Zealand bank (name and signature must be on the card)
  • A government agency issued card (i.e. Super Gold Card)
  • Student Identity Card
  • Employee Identification Card

You must provide one form of primary photographic (photo) identification document (ID) for the minor AND one form of Parent/Guardian/other family member ID (see below), as well as one form of supporting identification.

Primary Photo ID Types - for Minors

An original, current and valid form of the following types of identification:

  • New Zealand Passport
  • New Zealand Certificate of Identity
  • New Zealand Refuge Travel Document
  • Emergency Travel Document
  • Overseas Passport
  • Foreign-issued National Identity Document

Note:  An expired passport is acceptable if it has expired within the last 2 years and is not cancelled, defaced or mutilated.

Primary Photo ID Types

All of the above identification can be used as Primary ID for Parent/Guardian/other family member as well as the following;

  • New Zealand Driver's Licence
  • New Zealand Firearms Licence

Supporting ID Types - for Minors

  • New Zealand Birth Certificate
  • Certificate of New Zealand Citizenship
  • Foreign Citizenship Certificate
  • Foreign Birth Certificate

Supporting ID Types

All of the above identification can be used as Primary ID for Parent/Guardian/other family member as well as the following;

  • A valid and current International Driving Permit
  • 18+ Card
  • Community Services Card
  • A credit card, debit or eftpos card issued by a registered New Zealand bank (name and signature must be on the card)
  • A government agency issued card (i.e. Super Gold Card)
  • Student Identity Card
  • Employee Identification Card

There are a number of options to choose from to verify a physical address.  These need to be original documents. 

Verification sources for proof of residential address

  • A utility bill from a provider company - dated within the last 3 months
  • Council rates notice - dated within the last 12 months
  • Previous bank statement from any New Zealand Bank - dated within the last 12 months
  • Insurance policy document - dated within the last 12 months
  • Correspondence from a Government Agency which contains name, address, and a unique reference (such as IRD number, Client File Number or Tenancy Bond reference number) - dated within the last 12 months
  • A letter from the Electoral Office - dated within the last 12 months
  • Property Sales & Purchase Agreement - dated within the last 12 months
  • Unexpired rental or tenancy agreement - current agreement

 

 

 

NBS relies on it staff for collecting customer's identity verification and confirming that the original documentation has been sighted.

However, if you are unable to go into an NBS branch with your original documents, then a certified copy of the original document can be accepted for the purpose of verification.

A certified copy of an original document means a document certified as a true and correct copy by a Trusted Referee.

Who is a Trusted Referee?

  • Justice of the Peace - A person who appointed as a Justice of the Peace under the Justices of the Peace Act 1957
  • Registered Medical Doctor - A health practitioner who is, or is deemed to be, registered with the Medical Council of New Zealand under the Health Practitioners Competence Assurance Act 2003 as a practitioner of the profession of medicine
  • Lawyer - A person who holds a current practising certificate as a barrister or as a barrister and solicitor under the Lawyers and Conveyancers Act 2006
  • New Zealand Police Officer - An employee of the Police who holds the office of constable (as defined in section 4 of the Policing Act 2008)
  • Registered Teacher - A teacher with a valid current practicing certificate who is registered with the New Zealand Teachers Council
  • Chartered Accountant - A person who is a full and current member of the New Zealand Institute of Chartered Accountants and is entitled to use the title "Chartered Accountant" as per the New Zealand Institute of Chartered Accountants Act 1996
  • Notary Public - A lawyer authorised by the Archbishop of Canterbury in England as a Notary Public
  • Member of Parliament - An elected representative to Parliament
  • Consulate of New Zealand - An official diplomatic office of New Zealand
  • Honorary Consulate of New Zealand - An official diplomatic representative of New Zealand
  • Commonwealth Representative - Any Ambassador, High Commissioner, Commission, Minister, Counsellor, Charge d' Affaires, Head of Mission, Consular Office, Pro-consul, Trade Commissioner or Tourist Commissioner of a Commonwealth country; and includes any person lawfully acting for any such officer; and also includes any diplomatic secretary on the Staff of any such Ambassador, High Commissioner, Commissioner, Minister, Counsellor, Charge d' Affaires or Head of Mission
  • Statutory Declarations - A person who has the legal authority to take statutory declarations or the equivalent in New Zealand

Note: A Trusted Referee must NOT be related to the customer, a spouse or partner of the customer, or live at the same address as the customer.  Certification must include the full name, occupation, contact phone number and signature of the Trusted Referee as well as the date of certification.  If the Trusted Referee has a stamp or seal, they can apply that - for example, notaries public/justice of the peace usually have seals which they will apply to documents signed.