Anti-Money Laundering FAQs

Your frequently asked AML/CFT questions answered here

What is AML/CFT and why do businesses need to comply?

AML/CFT is an acronym that’s short for Anti-Money Laundering and Countering the Financing of Terrorism. In New Zealand it also refers to the AML/CFT Act 2009, and corresponding AML/CFT obligations that businesses and individuals have under the Act, which are in place to detect and deter money laundering.

AML/CFT is a complex topic with many parts. So, the AMLHUB team have put together this AML/CFT FAQ page to help you find the answers you need.

Check them out below and download your copy of the most common AML/CFT mistakes businesses are making.

Frequently asked AML questions

Read up on the answers to the most commonly-asked questions about anti-money laundering, and get our top tips on how to best manage it.

Please note: this material is provided as a reference only and does not constitute formal advice. AMLHUB takes no responsibility for decisions made based on this information. For any questions about AML/CFT law and compliance, get in touch with our Consulting Partners, AML Solutions.

9 common AML9-common-amlcft-mistakes mistakes businesses make

The AML Supervisors now have a low tolerance for mistakes in AML programmes, but businesses are consistently making the same ones every year. 

In our quick guide we break down: 

  • What the 9 common AML/CFT mistakes are
  • Why businesses are making them
  • What you should do to avoid them

Get your free copy by filling out the form.

 

Download the Quick Guide

Manage your AML/CFT obligations seamlessly with AMLHUB

It’s now easier than ever to manage your AML/CFT obligations with AMLHUB.

AMLHUB is New Zealand’s leading anti-money laundering software platform that centralises and simplifies your AML/CFT workflows in one cloud-based location.

  • No more juggling multiple spreadsheets and documents.
  • Significantly reduce time spent on AML admin.
  • Perfect for industries such as law, accounting, finance, and real estate.
  • Built by NZ's leading AML experts.

Discover how AMLHUB can help you better manage your AML/CFT obligations. Get your demo below!

Manage your AML/CFT with AMLHUB Software

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