Regulatory Alerts2025-05-15
Audit Guideline for Risk Assessment and AML/CFT Programme
The New Zealand Financial Intelligence Unit issued this guideline to support reporting entities in conducting independent audits of their risk assessments and AML/CFT programmes under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. It mandates that audits occur every three years by independent, appropriately qualified auditors and outlines specific obligations regarding scope, record-keeping, and remediation of identified deficiencies. The document provides detailed instructions for planning the audit, selecting auditors, defining engagement terms, and structuring the final audit report to ensure regulatory compliance.
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