DIA Annual AML/CFT Questions (8.1 and 8.2)

Table of Contents

8.1 Estimate how many customers you conducted CDD on this year in the course of carrying out activities regulated by the Act:

8.2 Estimate how many of the customers referred to in question 8.1 above are:

8.1 Estimate how many customers you conducted CDD on this year in the course of carrying out activities regulated by the Act:

Customer due diligence (CDD) is about knowing your customer and verifying their identity. It is also the process through which you develop an understanding of your customers, the kind of activities you can expect them to undertake through your business, and the ML/TF risks they pose to your business. This relates to the customers to whom you have provided services that include the activities that are captured by the Act. Refer to the guidance 36 for your sector for further information on CDD. If you have not onboarded any new customers, then the answer may be zero. You should state why this is the case.

In Connectworks, you can calculate the number of clients your firm has performed client due diligence on precisely using the Identity Verification Report

In the work>AML tab select the "I would like to..." button and generate the Identity Verification Report. Open the report in Excel.
Turn on filtering for the headers in Row 1.
In column AW "Determination Date" select the filtering function "between" and then select the applicable date range.
After applying the necessary filtering, highlight all names that appear in column A and in the bottom right corner of Excel it will display the count number of the selected cells. This will be your answer.

8.2 Estimate how many of the customers referred to in question 8.1 above are:

classified as politically exposed persons (PEPs) (include your customers that are beneficially owned or are controlled by, or for the benefit of, a PEP)
a trust or another vehicle for holding personal assets
an overseas government body
a New Zealand resident individual
a New Zealand resident entity (including companies, partnerships, trusts, charities, and other incorporated or unincorporated entities)
a non-resident individual
a non-resident entity (including companies, partnerships, trusts, charities, and incorporated societies)

In Connectworks, the answer to this question is contained in the Identity Information Report. How to review the information for each is detailed below:

1. Politically Exposed Persons

In the Work>AML tab select the "I would like to..." button and generate the Identity Verification Report. Open the report in Excel.
Turn on filtering for the headers in Row 1.
In column AW "Determination Date" select the filtering function "between" and then select the applicable date range.
Filter Column AT for "Political exposure"
After applying the necessary filtering, highlight all names that appear in column A and in the bottom right corner of Excel it will display the count number of the selected cells. Make a note of this figure.

2. A trust or another vehicle for holding personal assets

In the Work>AML tab select the "I would like to..." button and generate the CDD Status Report. Open the report in Excel.
Turn on filtering for the headers in Row 1.
In column G filter by client type "trust"
In column K "Determination Date" select the filtering function "between" and then select the applicable date range.
After applying the necessary filtering, highlight all names that appear in column A and in the bottom right corner of Excel it will display the count number of the selected cells. Make a note of this figure.

3. an overseas government body

This detail is not available in Connectworks reports.

4. a New Zealand resident individual

In the Work>AML tab select the "I would like to..." button and generate the Identity Verification Report. Open the report in Excel.
Turn on filtering for the headers in Row 1.
In column F filter by client type "individual"
In column Q "Country of residence" filter by "New Zealand"
In column AW "Determination Date" select the filtering function "between" and then select the applicable date range.
After applying the necessary filtering, highlight all names that appear in column A and in the bottom right corner of Excel it will display the count number of the selected cells. Make a note of this figure.

5. a New Zealand resident entity

(including companies, partnerships, trusts, charities, and other incorporated or unincorporated entities)

In the Work>AML tab select the "I would like to..." button and generate the CDD Report. Open the report in Excel.
Turn on filtering for the headers in Row 1.
In column F filter by client type "company" and "trust"
In column Q "Country of residence" filter by "New Zealand"
In column AW "Determination Date" select the filtering function "between" and then select the applicable date range.
After applying the necessary filtering, highlight all names that appear in column A and in the bottom right corner of excel it will display the count number of the selected cells. Make a note of this figure.

6. a non-resident individual

In the Work>AML tab select the "I would like to..." button and generate the Identity Verification Report. Open the report in Excel.
Turn on filtering for the headers in Row 1.
In column F filter by client type "person"
In column Q "Country of residence" filter by everything except "New Zealand"
In column AW "Determination Date" select the filtering function "between" and then select the applicable date range.
After applying the necessary filtering, highlight all names that appear in column A and in the bottom right corner of Excel it will display the count number of the selected cells. Make a note of this figure.

7. a non-resident entity

(including companies, partnerships, trusts, charities, and incorporated societies)

In the Work>AML tab select the "I would like to..." button and generate the CDD Report. Open the report in Excel.
Turn on filtering for the headers in Row 1.
In column F filter by client type "company" and "trust"
In column Q "Country of residence" filter by everything except "New Zealand"
In column AW "Determination Date" select the filtering function "between" and then select the applicable date range.
After applying the necessary filtering, highlight all names that appear in column A and in the bottom right corner of Excel it will display the count number of the selected cells. Make a note of this figure.