Shufti Evening of Trust - Join the Executive Circle for Conversations That Matter.

Shufti Evening of Trust - Join the Executive Circle for Conversations That Matter.

Request Invitation

us

216.73.216.136

New Zealand’s FMA Issues New ID Verification Guideline

newzealand

A new explanatory note has been issued by New Zealand identifying the sources of information that reporting entities can use for identity verification. 

The Financial Markets Authority (FMA), New Zealand has issued guidelines for identity verification protocols in the country. The previous explanatory note published by the ​​Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) supervisors in December 2017 has been replaced by the new guidelines. 

According to the new guidelines, the Confirmation service operated by the Department of Internal Affairs (DIA) and the Transport Agency (NZTA) driving licence records can be used to verify the name and date of birth of an individual during the process of identity verification.

Other electronic sources used in New Zealand for identifying individuals have also been pointed out, including Credit Bureaus, the Companies Office, the Land Registry (LINZ), and vehicle registrations (NZTA).

Additionally, the guideline sets out AML/CFT regulatory expectations that come into account during the review of reporting entity’s identity verification policies, procedures, and practices. 

For the compliance of AML/CFT regulations, reporting entities are required to perform identity verification on each individual prior to onboarding them. This step is deemed necessary to avoid fraudsters infiltrating the system. 

Examples of acceptable electronic identity verification (EIV) practices have also been included at the end of the guideline. 

The Explanatory Note can be viewed here.  

Suggested Read: Why Digital Identity Verification is Booming – A Detailed Insight

Related Posts

News

Google deemed Australia’s social media age ban as “extremely difficult” to implement

Google deemed Australia’s social media age ban as “extremely difficult” to implement

Explore More

News

California enacts law requiring age input on devices and app stores from 2027

California enacts law requiring age input on devices and app stores from 2027

Explore More

News

Google to Block Access to Adult Apps for Under-18s in Singapore

Google to Block Access to Adult Apps for Under-18s in Singapore

Explore More

News

Malaysia to push mandatory ID checks on social media to curb online scams

Malaysia to push mandatory ID checks on social media to curb online scams

Explore More

News

Michigan Lawmakers propose that Age Verification be mandatory to access pornography

Michigan Lawmakers propose that Age Verification be mandatory to access pornography

Explore More

News

Brazil enacts new law to regulate children’s use of social media and digital platforms

Brazil enacts new law to regulate children’s use of social media and digital platforms

Explore More

News

ChatGPT to introduce age checks after the UK’s teen death sparks lawsuits

ChatGPT to introduce age checks after the UK’s teen death sparks lawsuits

Explore More

News

Google deemed Australia’s social media age ban as “extremely difficult” to implement

Google deemed Australia’s social media age ban as “extremely difficult” to implement

Explore More

News

California enacts law requiring age input on devices and app stores from 2027

California enacts law requiring age input on devices and app stores from 2027

Explore More

News

Google to Block Access to Adult Apps for Under-18s in Singapore

Google to Block Access to Adult Apps for Under-18s in Singapore

Explore More

News

Malaysia to push mandatory ID checks on social media to curb online scams

Malaysia to push mandatory ID checks on social media to curb online scams

Explore More

News

Michigan Lawmakers propose that Age Verification be mandatory to access pornography

Michigan Lawmakers propose that Age Verification be mandatory to access pornography

Explore More

News

Brazil enacts new law to regulate children’s use of social media and digital platforms

Brazil enacts new law to regulate children’s use of social media and digital platforms

Explore More

News

ChatGPT to introduce age checks after the UK’s teen death sparks lawsuits

ChatGPT to introduce age checks after the UK’s teen death sparks lawsuits

Explore More

Take the next steps to better security.

Contact us

Get in touch with our experts. We'll help you find the perfect solution for your compliance and security needs.

Contact us

Request demo

Get free access to our platform and try our products today.

Get started

Shufti Evening of Trust (SET)

Where Trust Meets Innovation and the Future is Built Together

Date & Time:

23rd October 2025 | 7:00 PM

Location:

Blake Room, The Ivy Soho Brasserie, London

RSVP Now

Exclusive Event—Register Today

close-icon