Commonly referred to as AML/CTF compliance, the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AUST) and the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (NZL) are Laws designed to combat and minimise the illicit use of our banking platforms, networks and institutions.
As a licensed financial service provider, we are required to conduct verifications of our customer businesses and their ownership structure.