Compliance Regulations for New Clients
The process for registration requires you to read a copy of our Terms & Conditions, complete and sign an application form as well as read a copy of our Product Disclosure Statement (PDS) and Financial Services Guide (FSG).
The AML/CTF Act requires HiFX to conduct customer identification and verification. To do this we require from you suitable identification documents. It is important to remember that all Reporting Entities (AFS Licence holders) are required to collect this information as part of their client idendification procedures.
For individuals the minimum information we require includes the following:
(1) your full name and/or names used; and
(2) your date of birth; and
(3) your residential address.
To provide us with this information, we request that you provide us with either an original, a certified copy, or simply a copy of:
(A) a primary photographic identification document with the information stated above (such as a drivers licence or passport); and
(B) a secondary identification document (such as a utility bill or bank statement).
For companies the minimum information we require includes the following:
(1) the full name of the company as registered by the relevant regulatory body;
(2) the full address of the company’s registered office;
(3) the full address of the company’s principal place of business, if any;
(4) the ACN issued to the company; (Change to reg no. for NZ companies)
(5) whether the company is registered as a proprietary or public company;
(6) the name of each director of the company.
For Trusts the minimum information we require includes the following:
(1) the full name of the trust;
(2) the full business name (if any) of the trustee in respect of the trust;
(3) the type of the trust;
(4) the country in which the trust was established;
Please note: The above documentation is in addition to the standard account application forms and accompanying information required for the establishment of a business or individual account. Please refer to those sections of the website for more information
In certain circumstances HiFX may require certified copies of the documents above and/or additional documentation from you in order to fully meet its KYC obligations. Your HiFX representative will be able to tell you in advance of establishing an account, what is required of you. If you would like to know more about establishing an account or have questions relating to the documentation you might need, please call us on +61 (0) 2 8270 4500