Anti Money Laundering
Anti Money Laundering Information
The Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) legislation is designed to help combat the illegitimate use of the financial system for disguising proceeds of crime or financing terrorism
Compliance
Perennial complies with its AML/CTF obligations and has an AML/CTF compliance program in place.
As part of the AML/CTF legislation we must identify all new clients. If you are an existing client you are not required to complete these requirements. Perennial’s Application form captures information relevant to the client/customer type and no new accounts can be opened without the appropriate form being completed.
AML Identification Forms
The identification forms are based on the client/customer type outlined below. Please click on the forms to download. (Note: Perennial is using the industry-standard forms created by the Financial Services Council (FSC) and the Financial Planning Association (FPA))
Frequently Asked Questions
Do you have a question about Anti Money Laundering? Perhaps we can help below
When does the identification form need to be completed?
The identification form (including the appropriate verification information) is required to be completed for all new investor applicants classified as Partnerships, Associations, Foreign Companies and Registered Co-Operatives when applying for a product or service. All new Individuals and Sole Traders, Australian Companies, Australian Regulated Trust and Trustees (incl. SMSF, Government Bodies and Unregulated Trusts and Trustees investors are not required to complete the above forms as the required information is gathered in Perennial’s Application Form.
What happens if the identification form is not supplied?
Under AML/CTF legislation, Perennial will not be able to open an account for the types of investors stated above if the identification form and required ID is not supplied.
What forms of identification are acceptable?
Different verification requirements apply to the different customer types. Perennial is using the industry standard list created by FSC and the FPA. The applicable verification requirements are outlined in the explanatory notes on each of the identification forms. For Individuals and Sole Traders, Australian Companies, Australian Regulated Trust and Trustees (incl. SMSF, Government Bodies and Unregulated Trusts and Trustees please refer to Perennial’s Application Form for requirements.
