AML/CFT Compliance during Covid-19 Lockdown

AML/CFT Compliance during Covid-19 Lockdown

The vital shift to remote working combined with an employer’s understandable desire to maintain productivity in a time of economic uncertainty risks AML compliance becoming a distant consideration. Dimension GRC is anchored by a purpose-driven team of industry experts...
Cumulative Risk

Cumulative Risk

Sometimes words enter your vocabulary and you can’t remember where or when you first heard them but suddenly they’re there and you’re hearing and using them all the time. I’m not talking about “lock-down” or “social distancing” or “flattening the curve” – I’m talking...
The Stages of Money Laundering

The Stages of Money Laundering

Money laundering is the concealment or disguise of the nature, source, location, disposition, movement, rights with respect to ownership of property, knowing that such property is derived from an offense or offences or from an act of participation in such an offence...
Compliance as A Managed Service

Compliance as A Managed Service

Overview: Reporting Entities across New Zealand are experiencing increased regulatory scrutiny, prompting organisations to rapidly evolve their Anti-Money Laundering (AML) programs. One approach that is proving popular is the managed service model, or compliance...
DIA – Fact Sheet for High Value Dealers and Auctioneers

DIA – Fact Sheet for High Value Dealers and Auctioneers

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...
How to manage Enhanced Due Diligence

How to manage Enhanced Due Diligence

Non-resident customers or those from high risk jurisdictions Enhanced Due Diligence (EDD) is required, under the AML/CFT Act 2009, when a reporting entity establishes a business relationship with a customer (even if occasional) that is a non-resident customer from a...