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