1. Compliance
  2. Guidance library
  3. AML/CFT customer due diligence: clubs and societies

AML/CFT customer due diligence: clubs and societies

Page last updated: 26 Jul 2019

Clubs and societies can take many forms and may vary in size and complexity. Examples include sporting clubs, social clubs, or other relatively informal clubs and interest groups, such as a motorcycle enthusiasts’ club.

The type of entity the club or society is will determine the customer due diligence (CDD) that is undertaken. A club or society may be one of a variety of types of entity, for example, a trust. Clubs and societies can be incorporated as protection for members, but this is not a legal requirement.

AML/CFT customer due diligence: clubs and societiesThis fact sheet is to be read in conjunction with the beneficial ownership guideline.