Regulatory Alerts2022-05-17
Reserve Bank of New Zealand AML/CFT Supervisor Workshop 2 October 2018
The Reserve Bank of New Zealand presented its AML/CFT supervisory priorities, including a new Compliance Culture Assessment integrated into its risk model and an upcoming Mutual Evaluation. The workshop addressed critical operational issues such as the quality of Suspicious Activity Reports, Prescribed Transactions Reporting, and the collection of customer due diligence information. It also clarified regulatory expectations regarding Politically Exposed Persons screening, external auditor selection, and the handling of legislative conflicts with KiwiSaver.
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