Tyndall Retail and Wholesale Investment Services - Anti-Money Laundering and Counter-Terrorism Financing Act identification process comes into effect 12 December 2007. How will this affect you?
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The Anti-Money Laundering and Counter-Terrorism Financing Act 2006 has been introduced by the Australian Government to reduce the risk of Australian businesses being misused for the purposes of money laundering or financing terrorism.

The AML/CTF Act requires businesses providing certain financial services to:

  • identify their customers before providing certain services
  • report certain transactions above a monetary threshold and
  • report suspicious transactions.
As a result, Tyndall must change the way in which we identify and verify new customers.

The AML/CTF Act became effective on 12 December 2007. When you invest with Tyndall directly* from this date onwards, please ensure that a completed industry-standard identification form and certified identification (as listed in the identification form) is included with any completed application form from the relevant Tyndall Product Disclosure Statement.

Please click here for further information and to view the industry-standard application forms.

* If you are investing in a Tyndall fund via a financial adviser, master trust, wrap account, IDPS operator or discount broker, you will be required to provide your identification details directly to that service. Any enquiries should also be directed to them.



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