Anti Money Laundering / Countering Financing of Terrorism (AML / CFT)

For reporting entities with AML / CFT obligations, together, Strategi and Strategi Institute can help ensure those obligations are met.

Our solutions include AML / CFT training for compliance officers and staff, assistance developing a risk assessment and AML / CFT Programme, and undertaking the AML / CFT audit.

What are my obligations?

Find out about your obligations if you are a reporting entity.

What are my AML / CFT obligations?

How do I meet my obligations?

Your complete guide to AML / CFT requirements and solutions.

A snapshot of your AML/CFT obligations

Risk assessment

How to assess and document your AML / CFT risk rating.

What is an AML / CFT risk assessment?

Your AML / CFT programme

Develop the policies, procedures and controls to address your risk.

How to develop an AML / CFT programme

Enquire about an AML / CFT audit

Strategi can be your independent risk assessment and programme auditor.

Enquire about an AML / CFT audit

AML / CFT manual

Get Strategi Institute’s comprehensive guidebook.

AML / CFT manual

AML / CFT training solutions

A range of courses, modules and packages for AML / CFT compliance officers, staff with AML / CFT duties, and support staff.

Your AML / CFT training solution

Templates, publications and resources

AML / CFT manuals and guidance notes.

AML / CFT templates, publications and resources

Frequently asked questions

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Frequently asked questions about AML / CFT

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A snapshot of your AML/CFT obligations

All reporting entities must meet their obligations under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (hereafter referred to as the AML/CFT Act). Reporting entities should not take this obligation lightly as the penalties for non-compliance are massive and can be as high as $2m and/or up to two years in prison. The requirements The AML/CFT Act 2009 (... Read more

Courses

Amended Identity Verification Code of Practice 2013

Aim: To ensure reporting entities are aware of the Identity Verification Code of Practice and are able to comply with the customer due diligence requirements prescribed by Sections 16, 20, 24, and 28 of the AML/CFT Act 2009. Outcome: By the end of this module reporting entities will: Understand the requirements of conducting identity verification... Read more

AML / CFT Compliance Officer – a role not to be taken lightly

AML / CFT Compliance Officer is a key role in any organisation and any appointment to that role needs to be carefully considered. It is not a matter of simply assigning an employee, or oneself, to this role to demonstrate compliance with the AML / CFT Act. A number of tasks, outlined below, need to be undertaken before the designated person can assume this role: Prepare a... Read more

AML / CFT document certification vs document verification

As a part of conducting customer due diligence under the AML / CFT Act 2009, most reporting entities follow the customer identity verification requirements prescribed by the respective product providers. These meet the requirements contained in the Amended Identity Verification Code of Practice 2013 (IVCOP 2013). Reporting entities can: undertake document verification face-to-... Read more

Publications & resources

AML / CFT manual

This comprehensive manual with templates has been developed by Strategi Institute and is a complete guide for those who need to meet AML / CFT obligations. This manual – complete with appendices and checklists – is designed specifically for small to medium-sized businesses who are deemed to be reporting entities. This manual can be provided in either hard copy or electronic format... Read more

AML / CFT post-implementation check

Take 30 seconds to complete the questions below to see how well you have implemented AML / CFT into your business. Has your Operations Manual been updated to reflect your AML / CFT programme? Are the policies and procedures you have in your AML / CFT programme actually in place? Do you have a defendable methodology for conducting customer due diligence (CDD) for... Read more

AML / CFT templates, publications and resources

Below are some of the most popular Strategi publications and resources related to AML / CFT. For templates, publications and resources not limited to AML / CFT, see all publications and resources. Read more

Courses

AML/CFT Act 2009 – Check your knowledge

Aim: To ensure advisers’ knowledge of the AML/CFT Act 2009 is current. Outcome: Completion of this module will help financial advisers remain up to date with their legal obligations under the AML/CFT Act. Abstract: Most advisers, especially AFAs, will have undergone some form of training to prepare for the introduction of the AML/CFT Act 2009 (the Act). The Act imposed... Read more

Courses

AML/CFT Act 2009: Compliance Officer and Staff Annual Refresher

Every reporting entity should undergo an annual refresher module for AML/CFT. This will usually be mandated as part of the documented company AML/CFT programme. Due to widespread demand, Strategi Institute has launched this simple, practical yet effective module. It ticks all the boxes relating to helping AML/CFT compliance officers and staff better understand their AML/... Read more

Courses

AML/CFT Risk Assessment

Aim: To introduce the concept and requirements of a Risk Assessment, in accordance with the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (the Act), and provide guidance on producing a risk assessments for a small- to medium-sized business. Outcome: Completion of this module will allow reporting entities to be able to: Provide a brief explanation of... Read more

Courses

AML/CFT Sector Risk Assessment 2017

Aim: To: Identify and communicate the money laundering/terrorism financing (ML/TF) risks faced by reporting entities (REs) in the nine sectors supervised by the FMA; and Inform those reporting entities, of the key changes to the risk ratings between the sector risk assessment (SRA) undertaken by the FMA in 2011 and 2017. Outcome: Completing the module may help REs to... Read more

Courses

Anti-money laundering and countering financial of terrorism monitoring report, December 2016

Aim: To summarise the findings of the FMA’s AML/CFT monitoring during the period 1 July 2015 to 30 June 2016, Outcome: Completing the module may help Reporting Entities, financial advisers and their businesses: Better understand the FMA’s expectations of AML/CFT compliance, and How they might improve their systems and processes to ensure compliance with the AML/CFT Act... Read more

Services

Assisting QFEs to meet their AML / CFT obligations

All QFEs have numerous actions they must take in order to meet their AML / CFT obligations. Often larger QFEs will have internal compliance teams responsible for this job. However, for many small- to medium-sized QFEs, the task is more difficult. This is especially so when the QFE includes nominated representatives and the advisers within the QFE are not actually employees but own or manage... Read more

Services

Business in a Box: an integrated solution for financial advice businesses

Business in a Box (BIB) is a suite of tools to help build and ensure the efficiency of a financial advice business. It is a flexible solution, scaleable to business size. All tools work together to provide a fully integrated solution, or alternatively a ‘pick-and-mix’ approach can be taken where businesses simply select the tools they need. The BIB toolbox The BIB... Read more

Courses

Developing Your AML/CFT Programme

Aim: To give an overview of the minimum requirements of an AML/CFT Programme for reporting entities that have AML/CFT obligations under The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (the Act). Outcome: Reporting entities will be able to produce an AML/CFT Programme that is compliant with their AML/CFT obligations under the Act. Abstract:... Read more

Services

Enquire about an AML / CFT audit

Our audits are for anyone with an aml / cft audit obligation such as financial advisers, lawyers, accountants, real estate agents - in other words, all Phase 1 and Phase 2 entities. Whether it is your first audit, or simply your ‘next’ audit, we recommend booking early. The benefits of an early audit include: Potentially saves you money. If your first audit... Read more

Five tips for AML / CFT compliance officers

AML / CFT compliance officers are scarce and highly sought-after professionals, and it has become one of the fastest growing professions in the world. The following five tips will help you discharge some of your responsibilities as an AML / CFT compliance officer, and prove you to be a valuable asset to your organisation. 1. Ensure staff know who the AML / CFT compliance... Read more

Courses

FMA report on AML/CFT 1 July 2014-30 June 2015

Aim: To summarise the findings of AML/CFT monitoring visits and desk based reviews of reporting entities, undertaken by the FMA during the period 1 July 2014 to 30 June 2015. Outcome: Completing the module may help advisers and their businesses better understand FMA’s expectations, and therefore improve their systems and processes, and ensure compliance with the AML/CFT... Read more

Frequently asked questions

Below are the questions Strategi is most frequently asked. Use the 'Keywords' or 'Topic' filters to limit the FAQ results to a particular area of interest. Alternatively, to search our whole website for any pages containing specific text or topics, use the site search box at the top right of the page. Read more

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