Regulatory

Key Conveyancing Ltd is a reporting entity in accordance with the Anti Money Laundering and Countering Financing of Terrorism Act. Our policy is to only send client funds to a verified NZ bank account. If you are conducting a purchase, and your funds are currently outside of NZ, then please ensure that you allow sufficient time for your offshore funds to be remitted to your NZ bank account, prior to arranging for the funds being transferred to our trust account to complete your settlement. Note that at the time we establish a working relationship, we will require you to complete our Client Details form which sets out the identification and verification documents that you will need to supply – please contact us for further info.

 

Due to legislative changes which took effect in 2008, people now have a choice as to whether they wish to engage a lawyer or a conveyancer to carry out the legal aspect of their buy, sell or refinance of mortgage transaction.  Lawyers and Conveyancers are governed by the same act (The Lawyers and Conveyancers Act) and both professions are subject to similar regulatory compliance.

 

Conveyancing Practitioners hold Professional Indemnity Insurance at least to the value of the transaction concerned, and the practitioners of Key Conveyancing voluntarily carry Fidelity Insurance cover which provides clients with protection against loss from theft.

 

The New Zealand Society of Conveyancers regulates who may become a registered conveyancer, which is based on the practitioners relevant conveyancing experience and/or tertiary qualifications.  Accordingly only suitably experienced and qualified conveyancers can operate in New Zealand.  All conveyancing practitioners are monitored and regulated by the NZ Society of Conveyancers.