Direct Broking to Jarden Direct to Hatch ?

[BlackPeter]

Sure - every institute has their own interpretation of the law, and I noticed as well that this interpretation changes over time (getting more stringent and more data hungry). Adding my wifes name to my OFX account included satisfying an orgie in curiosity, and I remember that opening an account with KernelWealth as well as just adding another holder number to our long term broker account used to trigger in the last couple of years a flood of nosy questions.

I assume the law just requires them to understand the financial business of their clients. Whether they did everything right they only will find out after the next big money laundering scandal, and most banks probably prefer to err on the side of caution.

Not sure, with whom you invest? Might be easier on the dark web ;

Identifying risky accounts though according to volume and frequency might work perfect, but only with the benefit of hindsight, and then it will be too late.

Anyway - every company has different processes and customers are absolutely entitled not to do business with them, even if the number of alternatives is quite limited in NZ, dare I say ...

[Basil]

I have done quite a few AML questionnaires in NZ and beyond, and I cannot remember being asked how much I intended to invest with the broker, income of partner and self etc.  Mostly they just ask your source of wealth.  Methinks DB decided to err on the side of asking questions their marketing department would like to know the answer to.

I would have thought a broker could very quickly ascertain risky accounts by the volume, value and velocity of trading done...

I think they have been OTT. 

[Jay]

The problem with giving minimal or "inaccurate" answers could be that your later routine activities are inconsistent with your answers and trigger some automated system and your account gets flagged for suspicious activity. Unlikely for sure, but nevertheless a possibility.

Hardly ever use them, so not exactly not true re funds to invest etc

[Otago K]

So the following questions you would be happy with

"how much do you plan to invest with Invest direct in the coming year?"

"what is your net worth?"

Um more a response to 777 &  Jay now with the above insight, I would wonder if there is not an aligned purpose ( ulterior motive) of marketing data or something at play here. Not sure yet if it is going to offer an option like prefer not to say but in terms of my personal mindset with real life issues at hand at present, I will delay log in if I can until I may have a better chance to focus with clarity on any fish hook concerns.

[Left Field]

Perhaps those concerned by ID's Q's would be better off ringing/talking to ID staff to discuss the questionnaire?

Better than yelling into the wind?