The general position under anti-money laundering legislation is that Standard verification should be applied when neither enhanced nor simplified verification applies. Please refer to the relevant legislation for further detail:


Anti-Money Laundering and Counter-Terrorism Financing Act 2006, Section 32 (2)

New Zealand

Anti-Money Laundering and Countering Financing of Terrorism Act 2009, Section 14(1)

United Kingdom

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, Reg 27(1)