New Zealand has passed a law called the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT for short). We must ensure we can identify our customers, know their addresses and, in some cases, know the sources of our customers’ funds.
Unfortunately if we can’t identify you as per the above, we can’t let you continue with your purchase.
If you are an existing customer and we have requested you identify yourself for AML purposes AND you already have an existing payment plan, you can continue to pay off your current purchases (e.g. your weekly or fortnightly payments will continue normally) but you cannot make additional purchases until we have AML verified you.
AML doesn’t just apply to us. It also applies to betting agencies, casinos, banks, lawyers, accountants and real estate agents.