WHY NOVUS CAPITAL?

Novus Capital Limited is an investment and financial services company specialising in Investment Banking, Corporate Advisory and Share Trading services for Australian corporate and private clients, and overseas corporate clients.

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Anti-Money Laundering and Counter Terrorism Financing

With effect from 12 December 2007 the "Anti-Money Laundering and Counter-Terrorism Financing Act" (the "AML/CTF Act") imposes strict obligations in relation to customer identification. The objectives of that AML/CTF Act are to reduce as much as possible the incidence of money laundering, counter-terrorism financing and tax avoidance. The AML/CTF Act imposes obligations on entities that provide financial services to sufficiently identify their clients.

To meet these obligations, Novus Capital Limited has implemented a number of new processes aimed at ensuring we comply with the AML/CTF Act. In particular, we have changed our identification procedures involving the collection and verification of client information. To satisfy the identification requirements, we need to obtain current, valid, certified copies of identification documents for each client applicant. Where the client is other than a natural person, this extends to the identification of the persons who operate the entity and/or have a beneficially interest in the entity.

These requirements will affect all new clients, however in some cases we may need to obtain additional information from existing clients if we consider that the information we currently hold does not meet the new identification requirements. We are also required to keep a record of the identification checks we have performed and may be requested by the relevant regulator to produce for inspection copies of the information and verification details we hold.

Austrac, is the relevant regulator. It has information on the operation of the new anti-money laundering and counter terrorism financing laws, including the AML/CTF Act, on its website at www.austrac.gov.au. You may find the Austrac site useful if you require further information on the AML/CTF Act and its implications.

Your privacy is of the utmost importance to us and we will continue to abide by the requirements of the Privacy Act. Our privacy policy can be viewed by clicking on the relevant link on our home page.