Informal Guidance 2017-06-23T10:45:02+00:00

Informal Guidance

Where to access best-practice AML/CFT information and resources

Supervisor News & Resources

Supervisor News & Resources

Once you know who your supervisor is, you need to keep up to date with what they require. Each of the supervisors have general information and links to information and newsletters on their websites. Subscribing to your supervisor’s newsletter is a good way of ensuring you’re alerted whenever there is a development in the AML/CFT regime you need to know about.

  • The Department of Internal Affairs (DIA) news and information page is here, and you can subscribe to their newsletter, here
  • The Financial Markets Authority (FMA) information page is here, and you can subscribe to their newsletter, here. The FMA publish annual AML/CFT monitoring reports which provide useful information for all reporting entities on practical ways to improve AML/CFT compliance.
  • The Reserve Bank of New Zealand (RBNZ) information page is here, and you can subscribe to their newsletter, here

The New Zealand Police’s Financial Intelligence Unit (FIU) is responsible for the National Risk Assessment and publishing Quarterly Typology Reports which provide the most up to date information about ML/TF activity and trends in New Zealand.

International AML/CFT Guidance

International AML/CFT Guidance

New Zealand is an active member of international organisations that are responsible for developing and monitoring AML/CFT policies and regimes around the world.

  • Financial Action Task Force (FATF) is an inter-governmental body established to set and enforce global AML/CFT standards. Just as your supervisor assesses your AML/CFT regime for compliance, so too does FATF assess New Zealand’s compliance with the global AML/CFT standards. You can read what FATF has said about New Zealand’s AML/CFT regime to date, here. FATF has a number of resources available to assist you in understanding your own ML/TF risks and how to manage and mitigate them; they keep a list of high risk and non-cooperative jurisdictions which can help you assess the risks posed by countries you deal with in your business. There are resources available on best practice expectations, and useful analysis on methods and trends in ML/TF activity.
  • Asia/Pacific Group on Money Laundering (APG) is a regional body that focuses on the practical implementation and enforcement of the FATF standards. The APG ML/TF typology information provides a more regional lens to the particular threats of Asia and Pacific and can be useful to assist your own risk assessment. 

Other Useful Sites

Other Useful Sites

There is extensive international AML/CFT guidance available that may provide insights and information to assist you in creating and maintaing your AML/CFT documents and training. Resources that we frequently use include:

MoJ

MoJ

The Ministry of Justice is the government agency that creates AML/CFT related policy in New Zealand and controls what rules are put in place.

The latest that the Ministry of Justice has to say about AML/CFT can be found here.

FATF

FATF

The Financial Action Task Force (FATF) is the international body that sets the AML/CFT standards that all countries, including New Zealand, must comply with. FATF produce a variety of publications that can be found here.

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Hey! This fine print matters! Any content that you’re accessing here may be inaccurate, incomplete or outdated. The reasons for this include that only the New Zealand AML/CFT regulators can tell you what constitutes AML/CFT compliance. Their guidance continues to develop as the regime develops and matures. Your use and interpretation of any content on this site is your responsibility and is at your own risk. This content does not constitute investment or financial advice, taxation advice, accounting advice or legal advice, and use of our services does not establish a fiduciary relationship of any kind.  See Section 9 of our Terms and Conditions for all information relating to your use of the content on this site