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Important reminder: submit your AML/CFT Annual Report by 31 August

Attention all reporting entities: Don't miss the deadline! Your Annual Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Report is due on August 31. This is a legal obligation under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009.

Published: 22 August 2023

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Striking a balance: the role of terrorism financing in AML/CFT programmes

When considering an Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) programme, the immediate focus often gravitates towards addressing money laundering risks. This emphasis is warranted considering the higher risk associated with money laundering activities in New Zealand. However, within the broader AML/CFT framework, it is crucial not to overlook the equally important component of terrorism financing.

Published: 22 August 2023

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Insights from suspicious activity reporting stats

In the ongoing battle against financial crimes, Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) regulations play a pivotal role. One of the key components of these regulations is the requirement for reporting entities (REs) to identify and report suspicious activities.

Published: 22 August 2023

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Sector specific AML/CFT training: uncover the latest criminal tactic

Are you aware of the ways in which criminal organisations are laundering money within your sector? Do you understand the tactics they employ and how to identify potential red flags? Now is the time to reserve your spot for specialised sector training and stay informed about the developments within your industry.

Published: 22 August 2023

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Advancing FAP growth: insights on mergers

It has been great to see the rapid evolution of growth focussed FAPs over the past few years. A key aspect of this evolution has been their proactive approach in acquiring advisers, and diligently aligning their businesses with the new legislation, regulations and code. As these FAPs forge ahead on their growth journey, the focus for many has now shifted towards enhancing shareholder value.

Published: 29 August 2023

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Understanding AML/CFT training requirements for senior managers

Did you know that senior managers must complete specific Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) training tailored to their roles? We are highlighting this because our auditors often find that reporting entities overlook this requirement.

Published: 15 September 2023

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Quick reminder – recent AML/CFT reg changes

The landscape of Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) regulations in New Zealand is constantly evolving, and it's crucial for businesses to stay informed and compliant. In a previous article, we highlighted the new AML/CFT regulations, which are being introduced in three stages from July 2023 to June 2025.

Published: 18 October 2023

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