AML

Scarborough Group's AML Compliance

Money laundering remains a significant issue in New Zealand, with over $1 billion in illicit funds circulating through the economy each year. To deter financial crime and protect local industries, the New Zealand Government established the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. Since January 1, 2019, real estate businesses have been strictly bound by these regulatory obligations.

To comply with New Zealand law, Scarborough Group must complete Customer Due Diligence (CDD) on all new and existing clients, as well as associated individuals, before we can commence any real estate services. This process verifies the identity of the people and entities we work with to maintain transparency and legal integrity.

What We Need From You

When partnering with Scarborough Group, individual clients will need to provide:‍

• Full legal name
• Date of birth
• Current residential address

To verify these details, we will need to sight valid documentation such as a passport or driver’s licence along with proof of address (e.g., a recent bank statement or utility bill).

Corporate Entities & Trusts

If you are engaging our services on behalf of a company or trust, we are required to collect details for the organisation itself, alongside information for key individuals including directors, shareholders, trustees, settlors and beneficiaries. In certain cases, we may also request additional details regarding the source of funds or transaction background.