Electronic verification includes:
- Name, Address and Date of Birth verification
- New Zealand Driver License Verification from the New Zealand Transport Authority (NZTA)
- New Zealand Passport Verification from the Department of Internal Affairs (DIA)
- International Watchlist / Politically Exposed Person (PEP) status sourcing
Information is verified via a third party bureau database to verify name, address and date of birth data. This database holds trusted source data on over 3 million NZ consumers, which is updated monthly by banks, finance and retail energy providers. Changes to the Credit Reporting Privacy Code have enabled this data to be used for AML/CFT verification purposes.
This service is focused on trusted source information which ensures that matched data is only confirmed based on the data being confirmed by a trusted source. This limits the opportunity for fraudulent applications passing the verification threshold. You should of course take appropriate legal advice regarding your AML/CFT identity verification compliance processes as part of the AML/CFT programme.