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Anti-Money Laundering Law

The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Law) is designed to help detect and deter money laundering and terrorism financing.

As a financial institution, Capital South Bank is required by law to comply with the AML/CFT Act.

The law requires us to collect specific information from customers, to verify their identity and address, and in some situations the source of funds/or wealth.

Information from the Ministry of Justice website on what is required as a customer or a person acting on behalf of a customer - can be found here.

Our identification requirements are explained here, with the full list of forms of identification and address verification available here.

If you have further questions please get in touch – we’re here to help.