Our internal policies on AML compliance
Each year approximately $1.35 billion from the proceeds of fraud and illegal drugs is laundered through every day New Zealand businesses. For this reason and since the introduction of Anti-Money Laundering Legislation that has applied to lawyers since 1 July 2018, we have drastically expanded our efforts to better protect you, your money, and our local community.
This is why you may have noticed that recently, when you’ve come to us for assistance on a legal matter, we have asked for a bit more information from you. The reason for this is to ensure that we at Schnauer & Co are in compliance with all of the most recent legislation but most importantly that we are doing our best to protect New Zealand’s financial reputation.
And so, next time you come into our offices for a legal matter, please be aware that we may be asking you for current photo ID, proof of address and source of funds. If you have already provided these documents/information in the past, we may require up-to-date documents/information so that we can continue working for you.
We look forward to assisting and advising you then!