Anti-Money Laundering News and Insights

Stay up-to-date with Anti-Money Laundering news and insights from New Zealand's AML experts. Learn more about the ever-changing AML world, and get the latest tips on how you can manage your AML obligations.

Posts about AML:

Six common CDD mistakes (and how to avoid them)

Six common CDD mistakes (and how to avoid them)

The AMLHUB outsourcing team manages the outsourcing for many New Zealand reporting entities. We have good oversight over the things that go right, and the ways it can go wrong.

Keep reading to learn about the six most common mistakes made in customer due diligence (CDD), and how you can avoid them. Plus, download your copy of the ID Document Guide.

This blog was updated 12 February, 2024.

5 things to cover for suspicious activity reports

5 things to cover for suspicious activity reports

Every business prides itself on knowing its customers. Understanding their needs, wants, and behaviours is the foundation on which a business grows.

Typically, customers who use the same products and services tend to behave in the same way, with similar patterns of transactions and activities. And when a customer is acting unusually, i.e. outside the expected pattern of behaviour, it’s easy for businesses to spot this.

How can you best prepare for your AML Audit?

How can you best prepare for your AML Audit?

Finding your AML auditor is one of the first steps to take when it comes to preparing for your three-yearly AML audit. But to make sure you're as ready as you can be, there are a couple of key areas you have to look at beforehand. In this blog you'll find my quick run-down of the important things you need to do before you have your AML audit, and an opportunity to download our free guide to AML Audits.

Anti-Money Laundering explained

Anti-Money Laundering explained

AMLHUB's quick guide to anti-money laundering in New Zealand

“Money laundering” – it calls to mind laundromats and giant bags of cash, or maybe the Netflix series Ozark. For most people it’s a vague concept that’s ‘bad’, with no understanding of what it is and how it actually happens. But it’s a big problem: in New Zealand alone, around $1 billion is laundered every year, while globally the figure is estimated to be $4 trillion.

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