The inter-governmental Financial Action Task Force (FATF) has released a guidance document, ‘Risk-based Approach for Legal Professionals in June this year ahead of New Zealand mutual evaluation by FATF in 2020. The Report is well worth the read and discusses the need...
High Value Dealers Guideline This guide is designed to help high value dealers develop an understanding and meet their obligations under the Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act). Guideline: High Value Dealers Complying with the...
Lawyers are dragging their heels on anti-money laundering (AML) compliance, risking penalties of up to $5 million, reputational damage and full-scale police investigations when the regulator begins its inspections towards the end of this year. Also in the regulator’s...
A “wake up” call has been made today to company directors in New Zealand, alerting them to the personal risks they face from obligations under the country’s anti-money laundering laws. An Auckland-based hi-tech startup that is offering companies a state-of-the-art...
To comply or not…it’s your choice! here is a misguided assumption that the more money you throw at Anti Money Laundering risk the more effective you’ll manage it. This is far from the truth when looking to manage anti money laundering compliance. You have...
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