Like many other finance companies in New Zealand (along with lawyers, and real estate agents) Christian Savings is required to comply with the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT). You can read more about AML/CFT in New Zealand here.
The AML/CFT Act requires us to identify our customers, understand their purpose of their business with us and their funds, understand the origin of the funds and customers wealth, as well as any future plans for the funds. This also may include extended due diligence and certified documentation for source of funds and wealth. The focus is on knowing our customer.
Each entity has their own programme that details how they will comply with the AML/CFT requirements. Our team have recently worked with our board and a risk management specialist to adjust our programme to better suit Christian Savings and our customers.
We are also required by the IRD under the new Common Reporting Standard (CRD) Legislation to collect Tax Residency information from our customers. Find our more about Tax Residency, what happens with this information, and why we are required to collect it here.
We’ve updated our forms multiple times in recent years to ensure each question is clear on how to answer. If you have a question on any specific section of our forms please contact us at [email protected] or call us on 0508 SAVING (0508 728 464)