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 Customer Due Diligence:

Plugging the gaps in your AML programme

Plugging the gaps in your AML programme

Supervisors’ tolerance for gaps in AML programmes shortens

On August 2021, the FMA issued its AML/CFT Monitoring Insight Report for 2018 to 2021. The Director of Supervision noted that the AML/CFT regime has now matured to such an extent that the FMA has less tolerance for AML non-compliance. In other words, businesses are expected to have a strong handle on meeting their AML/CFT obligations.

We can expect this view to be true for the other Supervisors: DIA and RBNZ.

Are you outsourcing Customer Due Diligence? Read the guidance update.

Are you outsourcing Customer Due Diligence? Read the guidance update.

New Zealand Supervisors issue a reminder for outsourcing Customer Due Diligence to third parties.

The Financial Markets Authority and Department of Internal Affairs recently released updated guidance on outsourcing Customer Due Diligence that reiterates a very important message for anyone using third parties to manage it.

Subscribe to email updates

Get the latest AML news, insights, and updates straight to your inbox.