The Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) Act was first introduced into New Zealand in 2013. Further amendments to this Act were passed into law August 2017. These amendments have implications to a broader range of commercial entities, where the compliance date for the stated changes varies depending on the type of entity. The respective compliance dates range from the 2018 year through to August 2019.
The Act specifies (Section 59 of the Act) that an entity’s risk assessment and AML/CFT programme must be independently audited every 2 years, or at any other time at the request of the relevant AML/CFT Supervisor. Furthermore, the law stipulates that the audit must be undertaken by an independent person, appointed by the reporting entity.
If your organisation or commercial practice is required to comply, or you are seeking advice on AML compliance requirements, Total Risk can guide you through the process.
We can assist you with all aspects of your AML/CFT audit. This includes:
For more information about our anti-money laundering services and how we can assist your business, please Contact Us. Our services are supplied throughout New Zealand (NZ) including Auckland, Wellington, Christchurch and all other regions.
|Our services are supplied throughout New Zealand including Auckland, Wellington, Christchurch and all other regions.|