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AML/CFT customer due diligence: companies

Page last updated: 26 Jul 2019

New Zealand companies are incorporated under the Companies Act 1993. Overseas companies that carry on business in New Zealand are also required to be registered under Part 18 of the Companies Act.

Customer Due Diligence - CompaniesSection 11 of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (the Act) requires you to conduct CDD on:

- a customer;
- any beneficial owner of a customer;
- any person acting on behalf of a customer.

This fact sheet is to be read in conjunction with the beneficial ownership guideline.