Regulatory Alerts2024-10-13
AML/CFT Programme Guideline October 2024
Issued by New Zealand's AML/CFT supervisors, this guideline assists reporting entities in establishing, implementing, and maintaining a risk-based anti-money laundering and countering financing of terrorism programme under the AML/CFT Act 2009. It mandates that entities conduct written risk assessments to proportionately apply customer due diligence, reporting, and record-keeping procedures tailored to their specific operational risks. The document further outlines obligations regarding compliance officer appointments, third-party reliance, staff training, independent audits, and annual reporting to ensure effective mitigation of financial crime risks.
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