Customer Due Diligence
Customer due diligence is a cornerstone of your AML/CFT regime. This post provides you with an overview of the three levels of customer due diligence, standard, simplified and enhanced.
Changes to the AML/CFT Act Regulations
The Amendment Regulations released in July 2023 are the biggest legal change that the AML/CFT regime has had in the past five years. This post is a must-read for all reporting entities, as it outlines some crucial aspects of the changes.
AML/CFT Compliance: Introduction
This article provides an introductory definition of money laundering and financing of terrorism and a high-level presentation of what reporting entities need to consider to comply with New Zealand anti-money laundering and counter financing of terrorism legislation.