Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF)

The Government’s AML/CTF Act 2006 requires all financial services providers to put in place processes to minimise and monitor the risks of their products and services being used for money laundering or terrorism financing.
 
To comply with AML/CTF requirements financial advisers must request that new clients or existing clients requesting new products or services provide identification documents such as a current drivers licence or passport, copies of which may be submitted to product providers. The required documents vary depending on whether the client is an individual, company, partnership, or other entity.

Perpetual Private Clients’ advisers will now be requesting such documents.

If you have any questions regarding this ask your adviser at Perpetual Private Clients.