The 1st July 2018 brought a significant change for law firms and other professionals. The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Law) came into effect meaning that law firms and professionals have had to change their procedures in relation to client information gathering.
This law is part of a global initiative and its purpose is to demonstrate New Zealand’s commitment to take counter measures to prevent criminal activity and to bring those who partake in such …