Resources

Drafting your AML Program is not a five minute job and forms the foundation of AML compliance – it has been said the reader’s understanding comes from hard writing, and the AML Program is an example of this.  I am a firm believer in getting it right first time so you...

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...

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...

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...

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...

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...

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...

Know Your Customer (KYC) procedures are a critical function to assess and monitor customer risk and a legal requirement when complying with New Zealand’s AML/CFT Regulations. Do you know your customer? You need to if you are a Reporting Entity under New Zealand’s...