Regulatory Alerts2022-07-13
On-site Inspection Guideline June 2020
The Reserve Bank of New Zealand issues this guideline to outline the process for Anti-Money Laundering and Countering Financing of Terrorism on-site inspections of reporting entities. The document details the planning phase, including pre-inspection information requests, and describes the inspection activities where supervisors assess the adequacy and effectiveness of compliance controls. It further specifies the structure of the final report, categorizing findings into material breaches, minor breaches, deficiencies, and recommendations with associated remedial actions.
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