New Zealand's Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) laws require us to verify your identity and business details, known as Know Your Business (KYB) and Know Your Customer (KYC) checks. These checks stop criminals moving the proceeds of crime or funding terrorism through the financial system. Completing them is a legal requirement before you can use Weel.
How It Works
- AML/CFT compliance: We follow New Zealand's Anti-Money Laundering and Counter Financing of Terrorism laws, keeping the financial system safe from misuse.
- Know Your Business (KYB) checks: We verify your business details before you can start using Weel, confirming who we're working with.
- Know Your Customer (KYC) checks: We verify your identity alongside your business details, adding an extra layer of protection for your account.
- FMA oversight: These checks follow guidance from the Financial Markets Authority, New Zealand's agency for preventing, detecting, and responding to financial crime.