Why do I need to be AML verified?
Anti-Money Laundering (AML) is a piece of legislation enacted by the New Zealand government to deter money laundering. Like all financial providers and banks, we are required to comply with the AML laws.
While “AML” is the typical explanation, the reason we go through this process is to identify:
You are genuinely the person you say you are with your ID.
You have it in your possession.
You are opening the account because you want to – and not because someone else has asked you.
There are very good reasons behind it and it stops criminals from:
Opening accounts and making transfers in your name
Profiteering from criminal activities.
Funding terrorist activities.
Verifying your passport with NFC
NFC (Near Field Communication) verification uses a smartphone to read encrypted, digitally signed data directly from the microchip embedded in modern identity documents like e-passports and biometric ID cards.
Why am I being asked to do this?
You've provided an international passport as your identity document. NFC lets us confirm the passport is genuine and check that the details you've given us match what's held on the chip.
How does it work?
You scan your passport's photo page, then find where the chip sits in your passport, usually inside the front or back cover, or in the photo page itself and hold that part flat against the back of your phone for a few seconds. Nothing to upload or send.
What do I need?
A chipped passport (look for the gold symbol on the cover) and a phone with NFC.
Why isn't it available for my passport?
Either it isn't chipped, or we can't verify chips from the issuing country. Not every country publishes the security certificates needed to complete the check. If your passport isn't eligible, you won't see the option.
The scan failed.
Hold the passport flat against the back of your phone, case off, and keep it still. If it still fails, contact the team.
What is read from my passport?
The details already printed on your photo page, plus the digital photo. The chip is read-only, nothing can be changed on your passport.
If you have any issues, reach out to our team and we'll help you through it: hello@emerge.nz