About International Funds Transfers—Trust Receipts and Payments (NZ)

In this article:

• Receiving International Funds
• Making International Payments
• Reporting on International Funds Transfers

To satisfy regulations pertaining to New Zealand Anti-Money Laundering, Actionstep offers the ability to capture additional information for an International Funds Transfer by selecting it as the payment method for trust receipts and payments. Specifically, this payment method captures additional information that may be necessary to report international transactions. It is available when receiving trust funds or making payments from a trust account. 

Receiving International Funds

To receive international funds into your trust account:

1. In Actionstep, go to Trust > Receipts > Receive Funds. The Receive Funds page appears.
2. Click the Payment method drop-down list (located near the bottom of the page) and chooseInternational Funds Transfer.
3. Enter a Transaction reference.
4. Click the Issuing bank drop-down list and choose the bank.
   
5. Complete the information in the remaining fields as described in Recording a Trust Receipt.
6. Click Save to save your changes and create the receipt. 

Making International Payments

To make an international payment from your trust account:

1. In Actionstep, go to Trust > Payments > Make Payment. The Make Payment page appears.
2. Click the Payment method drop-down list (located near the bottom of the page) and chooseInternational Funds Transfer.
3. Enter a Transaction reference.
4. Enter the account number in the To account number field.
5. Enter the SWIFT number in the To account SWIFT number field.
6. Click the Issuing bank drop-down list and choose the bank.
   
7. Complete the information in the remaining fields as described in Making a Trust (or Client) Payment.
8. Click Save to save your changes and create the payment.
   
   

Reporting on International Funds Transfers

You can view the list of your international receipts and payments. 

To do this:

1. Do one of the following:
   • To view international receipts, go to Trust > Receipts > Received Funds List.
   • To view international payments, go to Trust > Payments > Payments List.
2. Click Filter and choose  Show Available Filters. 
3. In the Method field, type International and Submit. 
    
4. Optionally, click the More drop-down list and choose Export to save a .CSV / spreadsheet showing the list.