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

Most financial advisers have some level of AML/CFT obligation and, together, Strategi and Strategi Institute can help ensure those obligations are met.

Our AML/CFT solutions include AML/CFT training for advisers, staff, networks, head groups and QFES, assistance developing a risk assessment and AML/CFT Programme, and undertaking the AML/CFT audit.

What are my obligations?

Most financial advisers have some obligation and must take that seriously.

What are my AML/CFT obligations?

How do I meet my obligations?

Your complete guide to AML/CFT requirements and solutions.

The complete guide to meeting 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

AML/CFT audit

Strategi can be your independent risk assessment and programme auditor.

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 QFEs, advisers 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

Got a problem with AML/CFT but don’t know what to ask?

Frequently asked questions about AML/CFT

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Search all AML/CFT

Courses

Amended Identity Verification Code of Practice 2013

Aim: To ensure advisers are aware of the Identity Verification Code of Practice (including the recent amendment) 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 advisers who are reporting entities will: Understand the requirements of conducting... 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 new... Read more

Courses

AML/CFT Act 2009: Adviser and Staff Annual Refresher

Every financial adviser, particularly those who are part of a 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 industry demand, Strategi Institute has launched this simple, practical yet effective module. It ticks all the boxes relating to helping advisers and staff... Read more

Services

AML/CFT audit

If you are a reporting entity, under the AML/CFT Act, you must undertake an audit of your risk assessment and your AML/CFT programme every two years or when asked by your AML/CFT supervisor. It is perfectly acceptable for reporting entities to proactively undertake their audit well in advance of the two yearly deadline. Strategi believes there are compelling... Read more

AML/CFT audits uncover some common issues

Strategi Ltd is a provider of AML/CFT audits – both for the Risk Assessment and the AML/CFT Programme audits. Strategi has undertaken a significant number of AML/CFT audits and it is pleasing to note most Reporting Entities are shaping up well and are getting to grips with what is required under the AML/CFT legislation. However, a number of common issues have been identified which... Read more

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

AML/CFT Compliance Officer is a new role which came into effect from 30 June 2013. 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 clearly defined role description, outlining responsibilities and... Read more

AML/CFT document certification vs document verification

As a part of conducting customer due diligence under the AML/CFT Act 2009, most advisers 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). Advisers can either undertake document verification face-to-face with a client, or rely on... Read more

Publications & resources

AML/CFT manual

This comprehensive manual and kit 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 AFAs and small to medium-sized financial advice practices who are deemed to be reporting entities. This comprehensive manual can be provided in either... Read more

Courses

AML/CFT Monitoring Report 1 July 2013 to 30 June 2014

Aim: To provide Reporting Entities (REs), which are supervised by the FMA: Insights into the results of the FMA’s AML/CFT monitoring visits and desk-based reviews of REs; and Guidance on getting the best outcome from AML/CFT audits. Outcome: At the end of this module financial advisers will be able to: Identify any gaps between the content of the RE’s Risk Assessment... 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 all new clients (... 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 financial advisory business. Outcome: Completion of this module will allow financial advisers to be able to: Provide a brief explanation of what a risk... 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

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

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 2009 (the 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 their... 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 suite of tools is... Read more

Courses

Developing Your AML/CFT Programme

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

Five tips for AML/CFT compliance officers

AML/CFT compliance officers are very 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 officer is The... 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 Act 2009 (the... Read more

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