How to Prepare AML Audits and Succeed
This article will discuss some aspects in How to Prepare AML Audits. An AML audit analyses a reporting entity’s risk assessment and AML programme to ensure both operate effectively. Under section 59 of the Anti-Money Laundering and Countering the Financing of Terrorism Act 2009 (the AML/CFT Act), an audit must be conducted at least every three […]
Grow to New Height from DIA AML Guidelines
The Department of Internal Affairs (the DIA) is one of three AML Supervisors appointed in New Zealand to have regulatory oversight of the AML/CFT Act. The DIA AML Supervisor governs various industry sectors under its regulatory powers. To assist businesses in meeting their obligations of anti-money laundering compliance, the DIA provides guidance material and sector […]