Anti-Money Laundering (AML) Information

Why We Collect Client Information

At Maximise Real Estate, we are committed to complying with New Zealand’s Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act). This legislation requires us, as a real estate agency, to collect and verify certain information from our clients to prevent and detect money laundering and terrorist financing activities. These efforts help protect the integrity of New Zealand’s financial system and ensure a safe and transparent property market.

Information We Need to Collect

To meet our legal obligations, we are required to collect the following details from clients involved in property transactions:

• Full Name and Date of Birth: To confirm your identity.
• Residential Address: To establish your place of residence.
• Identification Documents: A valid passport, driver’s license, or other government-issued ID.
• Source of Funds or Wealth: Details about how the funds for the transaction were obtained (e.g., salary, savings, or sale of another property).
• Purpose of the Transaction: Information on why the property is being bought or sold.
• Beneficial Ownership Information: If applicable, details of any individuals or entities that ultimately own or control the property or funds.

Why This Information is Necessary

The information we collect is used to:

• Verify Your Identity: Ensuring you are who you claim to be reduces the risk of fraudulent activity.
• Assess Risks: Identifying potential money laundering or terrorism financing risks associated with a transaction.
• Comply with the Law: Fulfilling our obligations under the AML/CFT Act, which mandates reporting suspicious activities to the New Zealand Police.
• Protect Our Clients and Community: Safeguarding the real estate market and preventing illegal funds from entering legitimate transactions.

We handle all collected information with strict confidentiality and in accordance with the Privacy Act 2020, using it solely for AML/CFT compliance purposes. Your cooperation ensures we can continue to provide a secure and trustworthy service.

If you have any questions about our AML/CFT obligations or the information we need, please don’t hesitate to contact us. Our team is here to assist you. Call us at 0800 20 23 20 or email sales@maximise.com.