--- title: Anti-Money Laundering News and Insights | AMLHUB Blog description: Stay up-to-date with Anti-Money Laundering news and insights from New Zealand's AML experts. Learn more about the AML world with our blog. --- # 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. Browse by All AML AML/CFT AML Compliance Customer Due Diligence Annual Report News AML Audit AML Summit Audits Identity Verification Enhanced Due Diligence Guidance Update Individual Customer Risk-Rating Record Keeping Risk Assessments Supervisor Update Electronic Identity Verification RealMe Staff Training Suspicious Activity Training ![Annual AML/CFT reporting 2026](https://www.amlhub.co.nz/hubfs/AMLHUBNZ_blogpost2.png) [AML/CFT](https://www.amlhub.co.nz/blog/tag/aml-cft) [Annual Report](https://www.amlhub.co.nz/blog/tag/annual-report) From 1 July 2026 the Department of Internal Affairs becomes New Zealand's sole AML/CFT supervisor. Find out what's changing for your annual report, and how to prepare before the deadline. #### **Summary** ![AML/CFT Amendment Bill: Changes to SoW and SoF verification for Trusts](https://www.amlhub.co.nz/hubfs/AMLHUBNZ_blogpost.png) [Customer Due Diligence](https://www.amlhub.co.nz/blog/tag/customer-due-diligence) [Guidance Update](https://www.amlhub.co.nz/blog/tag/guidance-update) [AML Compliance](https://www.amlhub.co.nz/blog/tag/aml-compliance) [Individual Customer Risk-Rating](https://www.amlhub.co.nz/blog/tag/individual-customer-risk-rating) [Enhanced Due Diligence](https://www.amlhub.co.nz/blog/tag/enhanced-due-diligence) Prior to 18 May, reporting entities conducting customer due diligence (CDD) on trusts were required to verify source of wealth (SoW) and source of funds (SoF) by reliable and independent means - regardless of the trust's risk profile. This was a blanket requirement that applied broadly across trust customers. ![Why AML compliance needs both technology and expertise](https://www.amlhub.co.nz/hubfs/Combining%20Tech%20and%20Expertise%20Blog%20Post.jpg) [Customer Due Diligence](https://www.amlhub.co.nz/blog/tag/customer-due-diligence) [AML](https://www.amlhub.co.nz/blog/tag/aml) [AML Compliance](https://www.amlhub.co.nz/blog/tag/aml-compliance) --- Technology has changed the way businesses manage their Anti-Money Laundering (AML) obligations. It's now faster, easier, and more scalable to collect and manage data. AML technology streamlines administration, and makes it easier to keep up with every day compliance tasks. ![Enhanced Due Diligence: Source of Funds & Source of Wealth](https://www.amlhub.co.nz/hubfs/EDD-SoWSoF2.jpg) [Customer Due Diligence](https://www.amlhub.co.nz/blog/tag/customer-due-diligence) [AML](https://www.amlhub.co.nz/blog/tag/aml) [Enhanced Due Diligence](https://www.amlhub.co.nz/blog/tag/enhanced-due-diligence) When it comes to anti-money laundering (AML) obligations, not all clients present the same level of risk. While most can be onboarded using standard Customer Due Diligence (CDD), there are situations where regulators expect you to go further. This is where Enhanced Due Diligence (EDD) comes in. ![Stronger Together: Celebrating Growth and Impact at AMLHUB](https://www.amlhub.co.nz/hubfs/Stronger_Together.jpg) [AML](https://www.amlhub.co.nz/blog/tag/aml) [News](https://www.amlhub.co.nz/blog/tag/news) At AMLHUB, we understand that success in the fight against financial crime is not achieved in isolation. It is built through collaboration, commitment, and a shared purpose. Recently, our team came together to mark a significant milestone: a celebration of our journey, growth, and the people who have made it all possible. ![Understanding AML Risk Assessments and Compliance Programmes](https://www.amlhub.co.nz/hubfs/headway-5QgIuuBxKwM-unsplash.jpg) [Risk Assessments](https://www.amlhub.co.nz/blog/tag/risk-assessments) [AML](https://www.amlhub.co.nz/blog/tag/aml) [AML Compliance](https://www.amlhub.co.nz/blog/tag/aml-compliance) If your business is captured under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act) you are required to assess your exposure to financial crime and implement effective mitigation strategies. Two critical documents underpin this: the risk assessment and the compliance programme. ![Individual Customer Risk-Rating Made Simple with AMLHUB](https://www.amlhub.co.nz/hubfs/AMLHUB-ICRR2.jpg) [AML](https://www.amlhub.co.nz/blog/tag/aml) [Individual Customer Risk-Rating](https://www.amlhub.co.nz/blog/tag/individual-customer-risk-rating) Since 1 June 2025, Individual Customer Risk-Rating (ICRR) was mandated for all reporting entities under New Zealand’s AML/CFT framework – both at onboarding, and to be considered as part of ongoing Customer Due Diligence (CDD).  ![When to Outsource Customer Due Diligence](https://www.amlhub.co.nz/hubfs/boardroom.jpg) [Customer Due Diligence](https://www.amlhub.co.nz/blog/tag/customer-due-diligence) [AML](https://www.amlhub.co.nz/blog/tag/aml) Customer Due Diligence (CDD) Outsourcing means handing over some or all your CDD to a trusted partner. Instead of managing the process entirely in-house, you can collaborate with experts on things like onboarding checks and risk-rating to ongoing monitoring and record keeping.** ** ![Time to Prepare Your 2025 AML/CFT Annual Report](https://www.amlhub.co.nz/hubfs/unsplash-stockimg.jpg) [AML](https://www.amlhub.co.nz/blog/tag/aml) [Annual Report](https://www.amlhub.co.nz/blog/tag/annual-report) As we approach the next reporting cycle, now is a good time to start preparing your AML/CFT annual report. ![AML SUMMIT 2025](https://www.amlhub.co.nz/hubfs/summit%20blog%20feature.jpg) [AML](https://www.amlhub.co.nz/blog/tag/aml) [AML/CFT](https://www.amlhub.co.nz/blog/tag/aml-cft) [AML Summit](https://www.amlhub.co.nz/blog/tag/aml-summit) #### The Evolution of Risk  Join us in celebrating the 10th Anniversary of the AML Summit! ## Subscribe to email updates Get the latest AML news, insights, and updates straight to your inbox. 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