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Compliance

The Anti-Money Laundering and Counter-Terrorism Financing Act No.13 of 2014 (AML/CTF Act) came into force on 24th June 2014.

Goodies is committed to the highest standards of anti-money laundering and countering the financing of terrorism (“AML / CTF”) compliance under the Anti-Money Laundering and Counter- Terrorism Financing Act 2014, amendments, Regulations and Guidance Notes.

As per the regulations Goodies is required to Identify all its customers to ensure we are fulfilling our AML/CTF requirements.

Please find below the list of all acceptable Identification which you can use at our Goodies location.

 

Personal Foreign Exchange Transactions

 

Identification Requirement

Accepted Identification to verify Name and DOB (must be valid i.e. not expired)

  • Passport
  • Government issued National ID
  • Driver’s License
  • Firearms License
  • Student ID
  • National Provident Fund
  • Employment ID Card

There are occasions when our Front-Line Staff are required to ask for additional information as per the Regulatory requirements set by the Financial Intelligence Unit (FIU) Vanuatu. These may include the below:

Source of Funds documents:

  • Payslip
  • Bank statement showing regular salary credits
  • Bank statements showing a personal loan credit
  • Bank statement showing savings accumulated over a period of time
  • Sale agreement/documents of an asset e.g. property, car, etc.

 

International Payments

 

Goodies offers customers the ability to make personal and Businesses International Payments.We are also able to offer inward receipts in foreign currency and convert those funds into VUV and put into your bank account.

The following are some of the documents required for customers to sign up to avail this fantastic service.

The Business Payment and Business Receipt Product facilitates foreign currency payments to or from overseas countries. Typically, clients are businesses who import goods and need to pay overseas suppliers, or businesses who export to overseas clients. The business could be a sole trader, partnership or limited company and includes importers (merchandise, goods, parts etc.), distributors, manufacturers and retail outlets. They can range in size from a small independent outlet to a large company with a network of branches across the country. Individuals can also sign up for this service subject to criteria but is not used for family support payments.

Requirements for Individuals:

  • Identification- Passport/ Driver’s Lic
  • Proof of Address in Vanuatu
  • Bank statement to confirm the Source of Funds for the transfers
  • Any other document as per our business requirements

Requirements for Businesses:

  • Registration Confirmation
  • Identification for all Directors
  • Identification for all shareholders over 25% of shareholding in the company.
  • Source of Income for the Business (please talk to our Goodies team members for more details)
  • Invoice copies when making payments
  • Any other documents as per our business requirements