Money Laundering - New anti-money laundering code sets standard for customer ID checks

The Reserve Bank advises that customers of financial institutions and casinos can expect more stringent identity checks in the lead up to 30 June 2013, when anti-money laundering legislation comes fully into force. Businesses now have access to guidance on the standard those identity checks should meet.  A new code sets out acceptable forms of identification for customers of financial institutions and casinos in New Zealand.

Please click here to view a copy of the new code.