Introduction to AML for clients
We want to advise you of law changes that have applied to accountants and their clients from 1 October 2018. These laws already apply to lawyers, banks and financial service providers; and are known as AML (anti-money laundering and Countering Financing of Terrorism Act 2009).
AML has been in place in New Zealand since 2013 and in addition to applying to your relationship with us from 1 October, will apply to your relationships with any real estate agent you deal with after 1 January 2019. This reflects New Zealand’s commitment to the