Regulatory Alerts2022-05-17
AML/CFT Programme Guideline December 2011
Issued by New Zealand AML/CFT supervisors, this guideline assists reporting entities under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 in developing compliant programmes. It mandates that these programmes be risk-based and include specific policies, procedures, and controls for vetting, training, customer due diligence, and record keeping. The document further details requirements for ongoing monitoring, suspicious transaction reporting, managing anonymity risks, and ensuring ongoing compliance with regulatory obligations.
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