We need to identify and conduct enhanced customer due diligence on anyone who is a Politically Exposed Person (PEP). A PEP is someone who holds or has held a prominent public position offshore in the past 12 months – this includes any immediate family member of a PEP. If you are a PEP, or are a close member of a PEP, please tell us – for any client who was born overseas, it is our policy to run your name through a PEP-check.
If you are identified as a PEP, we’ll need to verify your source of wealth and source of funds as well as the standard identification requirements. Please bring your passport and proof of address (such as utilities bill). In absence of a passport, we will also accept a NZ driver licence or birth certificate, PLUS a government-issued letter no older than 12 months (such as a letter from the IRD or Kiwisaver). These are our preferred ID documents, however if you don’t have any of these forms of ID available, please discuss other options with us.
Not meeting in person? There will be times when it’s not possible for us to meet face-to-face, especially for those people we need to ID verify but aren’t signing up as our clients. If we’re not meeting face-to-face, then we will accept certified copies of your ID – we will only accept certification by a Justice of Peace, Solicitor, Notary Public, Judge or Deputy Registrar.
The below documents could be supplied:
Property Sale: Settlement statement, Sale & Purchase Agreement, Signed letter from solicitor
Savings: Bank statements, Payslips
Sales of shares or other investments: Statements on sale of investments
Inheritance: Will or probate, Correspondence from the solicitor
Company sale: Copy of contract of sale, plus bank statement showing proceeds
Company profit: Latest company accounts
Gift: Donor’s source of wealth (requirements of evidence as stated above for each individual source of wealth and a letter from the donor confirming details of the gift)