AML/CFT August Newsletter
In this Newsletter:
- AML Health Check
- REINZ Real Estate Solution
- Training – Open courses
- Training – In-house
- In the news
- Upcoming courses – enrol here
- Online training for Lawyers and Accountants
1. AML Health Check
We are frequently being asked to conduct simple health checks on our clients’ AML programmes. These assurance check-ups are providing compliance officers with good levels of comfort and in many cases, recommended changes to their programmes. It is particularly helpful for highlighting deficiencies prior to the next audit or to check that your newly implemented programme is meeting AML/CFT obligations.
A good example would be recently captured Law Firms needing reassurance that their Risk Assessment and Compliance Programme documents and procedures are compliant post implementation. Common themes we see are CDD/EDD issues, clients struggling with complex client structures and the verification or certification of beneficial owners documents. Record keeping and register management is also proving difficult for newly captured entities. If you need any assistance in regards to this, please do not hesitate to call AML Solutions or email firstname.lastname@example.org
2. REINZ Real Estate Solution
We are pleased to be working with REINZ as the preferred provider of an end to end AML solution for Real Estate. The AMLHub is a SaaS solution that will provide Real Estate agents access to AML documentation (Risk Assessment and Compliance Programme), updates, and a cloud-based AML management system to assist with vendor on-boarding, document storage, record keeping, ongoing compliance, transaction monitoring, and reporting that no other current solution provides.
If you are a Real Estate agent looking for assistance, please follow this link https://amlsolutions.co.nz/phase-2-real-estate/
New DIA Guideline
Please see the below link to the new Real Estate Agents Guideline.The guideline gives good examples of conducting CDD and EDD in certain client types and complying with the Anti-Money Laundering and Countering Financing of Terroism Act 2009.
3. Training – Open courses
These public courses contain content designed to aid attendees understand their and their company’s obligations under the AML/CFT legislation. For example, current courses include Compliance Officer training and Customer Due Diligence training.These half-day courses include engaging exercises that have practical application and showcase relevant case studies to enhance the learning process.
Please scroll down for dates of our upcoming courses.
4. Training – In-house
We can provide AML training at all levels to your team and at your place of work. Whether you are interested in a refresher course or an intensive workshop, we can deliver a customised workshop tailored to your particular needs and industry.
Available courses include:
- Introduction to AML/CFT
- Refresher Courses
- Customer Due Diligence
- Red Flags
To register your interest for in-house training, please email email@example.com
Our eLearning platform allows those training in AML/CFT to study from the comfort of their own home or office, with the luxury of completing course material in their own time. We currently have five open modules available, and many more tailored specifically for various clients. The open modules have been developed and designed by AML Solutions and covers the New Zealand AML/CFT legislation and Supervisor guidance.
In The News
Justice Minister Andrew Little fronts Govt campaign to thwart money laundering
Justice Minister Andrew Little has launched a new campaign to help raise awareness of money laundering in New Zealand, but some say it lacks a clear objective.