Delivering Quality Assurance AML/CFT Audit to New Zealand firms
An AML/CFT audit utilising regulatory technology has greater likelihood of protecting your firm against a breach of anti-money laundering compliance laws. Trust AML360™ for quality audits and AML Software.
Selecting your AML Auditor
When you engage our services as your AML auditor, we provide you with informed techniques of how to perform best practice AML/CFT compliance. This includes FREE AML compliance tools designed to boost your AML/CFT compliance knowledge.
Digital AML/CFT Audit Benefits
Anti-Money Laundering Consultants Ltd (AML Consultants) understands the challenges in preparing for and undertaking audits. As a result, AML Consultants has developed AML/CFT auditing solution that saves time, increases auditing thoroughness and delivers the highest level of audit standards as expected by AML/CFT Supervisors.
AML/CFT audits and client risks
Commencing from 1 June 2025, AML/CFT Supervisors expect all businesses to have systems in place for individual client risk profiling. If your business does not yet have client risk profiling, AML Consultants will assist in recommending a reliable client risk methodology. We focus on delivering adequate and low-cost recommendations so your firm can succeed in meeting anti-money laundering compliance regulations.
Benefits of Audits utilising AML Software
From 1 June 2025, all New Zealand businesses that are subject to the Anti-Money Laundering and Countering Financing of Terrorism Act, are expected to operate with systems in place for individual client risk profiling. This obligation arises from section 22(1)(d) of the AML/CFT Act which requires enhanced due diligence on higher-risk clients.
AML auditing processes with AML360 regulatory technology properly prepare your firm for an onsite inspection from AML/CFT Supervisors.
Through utilisation of AML Software, AML360’s audits have many benefits. We are able to offer recommendations including risk methodologies. We assist your firm to select client risk profiling and AML transaction monitoring thresholds.
AML360’s auditing solutions provide you with best-practice AML/CFT compliance recommendations. We focus on increasing your firm’s AML/CFT compliance efficiency whilst, reducing your operational costs. We focus on the legislative obligations of testing adequacy and effectiveness so you are better prepared for an onsite visit from your AML/CFT Supervisor.
A quality audit can prevent a compliance breach
With our digital solutions, we have the potential to close any identified compliance gaps without additional cost. For businesses requiring an AML/CFT audit, the benefits are significant in terms of time and cost savings.
AML/CFT Audit Reporting
The AML/CFT audit report is required to be structured to fully inform AML/CFT Supervisors of a firm’s compliance status. Audit reporting from AML Consultants ensures recommendations for AML/CFT procedures and controls align with the nature, size and complexity of your business. Our recommendations make sure your firm is on track for meeting AML/CFT regulatory expectations.
AML/CFT Audit - Limited or Reasonable?
Your business may select a ‘reasonable’ or ‘limited’ assurance audit. The commitment of resourcing and testing of a reasonable assurance audit is greater for AML auditors which results in a higher auditing fee.
Reasonable assurance audits provide greater confidence that the audit has adequately tested AML/CFT policy, procedures and controls. You can access your AML/CFT Supervisor’s audit guideline at a link below: