---
title: Nature and Purpose
description: An overview of why Icehouse Ventures is required to understand the nature and purpose of your investment and the information we will request to gather this information.
---
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# Nature and Purpose
## An overview of why Icehouse Ventures is required to understand the nature and purpose of your investment and the information we will request to gather this information.
The *[Anti-Money Laundering and Countering Financing of Terrorism Act 2009](https://www.legislation.govt.nz/act/public/2009/0035/latest/DLM2140720.html) *(AML/CFT Act) places obligations on a number of New Zealand businesses, institutions, and organisations to detect and deter money laundering and terrorism financing.
One such obligation is that reporting entities are required to gather information on the **nature and purpose** of the proposed business relationship with their customers. This means every Icehouse Ventures investor must answer three multiple choice questions about how and why they plan to invest:
1. Likely typical **frequency** of investment?
- - Once or twice every two to five years
- Once or twice per year
- Oncer per quarter
- Once per month
- More than once per month
2. Likely typical **size** of investment?
- - More than $5,000 per investment
- More than $25,000 per investment
- More than $100,000 per investment
- More than $250,000 per investment
- More than $1,000,000 per investment
3. What is the **primary reason** for investment?
- - To build a venture investment portfolio.
- To invest directly into early-stage companies.
- To invest into diversified venture-stage funds.
- To diversify my overall investment portfolio.
- To support the NZ start-up ecosystem.
- To learn and develop my early-stage investment capability.
- I've got another reason (*please describe*).
The answers you provide are non-binding estimates, and it is best to base it on the highest frequency or size range that realistically applies to your likely pattern of investment.
---
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