AML/CFT June Newsletter
In this Newsletter:
- AML/CFT Audits – book early
- Newmarket Business Awards Winners
- New location
- In the news
- Training – Open courses
- Training – In-house
1. AML/CFT Audits – please plan ahead
There is currently a high demand for audits with phase 2 entities now booking audits in late 2019 and throughout 2020.
As a guideline, we recommend you should have your audit arranged at least 6 – 12 months before it is due to be undertaken.
2. Newmarket Business Awards Winners
AML Solutions has recently been awarded the “Best Small/Medium Business of the Year” at the 2019 Newmarket Business awards.
The awards night was held on Friday 7 June at Cordis Hotel and we had a fun night.
It is the second time we have won this award and we would like to thank the organisers of this event.
3. We’re moving!
AML Solutions is growing and we are on the move.
From Monday 1 July, we will be located at 103 Carlton Gore Road, Newmarket. Our phone numbers and PO Box details do not change.
4. In the News
Another Ex-Danske Bank Executive Charged in Money Laundering Scandal
COPENHAGEN—Danish prosecutors have filed preliminary charges against former Danske Bank executive Lars Morch as part of their investigation into the bank’s involvement in one of the world’s biggest money-laundering scandals.
Money-laundering safeguards still not fit for purpose: FMA
The Financial Markets Authority says electronic verification systems the financial sector is using to detect money laundering and terrorism financing still aren’t up to scratch.
While firms are generally getting better at meeting their obligations under the 2009 legislation, more are using electronic identity verification systems and they are not always integrating those with their other protocols for stopping money laundering and countering the financing of terrorism.
Australian anti-money laundering regulator AUSTRAC identifies concerns with buy now, pay later service provider Afterpay’s AML/CFT compliance and orders probe by external auditor
Buy now, pay later service provider Afterpay’s monumental growth has caught the eye of Australian regulator AUSTRAC, which has called in an external auditor to look at its compliance with anti-money laundering and countering the financing of terrorism laws.
5. Compliance Officer and Customer Due Diligence training courses:
Dates of upcoming AML/CFT Training Courses:
Auckland – 25 July
Wellington – 20 August
Christchurch – 25 September
Customer Due Diligence
Auckland – 04 July
Christchurch – 11 July
Wellington – 28 August
6. Training – In-house
If you would prefer more tailored training, we can provide AML training at all levels to your team at your place of work.
Whether you are interested in a refresher course or an intensive workshop, we can deliver customised workshops tailored to your particular needs and industry.
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. The open modules have been developed and designed by AML Solutions and covers the New Zealand AML/CFT legislation and Supervisor guidance.
We have two online training courses available tailored specifically for Lawyers and Accountants. Please head to our website for more information.