Our Services
AML Partners offers a range of comprehensive services to enable you to meet your obligations. These include
AML Audits
We provide independent statutory AML/CFT Audits. Our Agreed upon Procedures provide you with transparency through this process. This means no surprises.
AML Consulting
We cover all aspects of AML/CFT including recruitment, documentation, testing, remedial action plans, Supervisor requests and annual reports.
AML Training
We provide training that is relevant, easy to understand and helps you to meet your training obligations. Staff that are well trained reduce compliance costs and risk.
What’s New?
The AML/CFT Supervisors have published the following guidance in the last 12 months:
Enhanced Customer Due Diligence Guideline – August 2020 - View
Enhanced Customer Due Diligence and Independent Audit Webinars – August 2020 - View
Independent ML/TF Risk Country Ratings – August 2020 - View
Risks arising from COVID-19 – July 2020 - View
Independent Audit Obligations – June 2020 - View
Other Important AML/CFT Guidance
In addition to the above, AML/CFT Reporting Entities should review the following guidance:
Risk Assessment Guideline – May 2018 - View
AML/CFT Programme Guideline – May 2018 - View
AML/CFT Risk Assessment and Programme Prompts and Notes for DIA Reporting Entities – December 2017 - View
Amended Identity Verification Code of Practice 2013 - View
Identity Verification Code of Practice – Explanatory Note – Updated in December 2017 - View
Sector Risk Assessments
The AML/CFT Supervisors and the Financial Intelligence Unit (FIU) have published the following Sector Risk Assessments:
DIA – Financial Institutions Sector Risk Assessment – December 2019 - View
DIA – Designated Non-Financial Businesses and Professions (DNFBPs) and Casinos Sector Risk Assessment – This covers Lawyers, Accountants and Real Estate Agents etc. – December 2019 - View
FMA – Sector Risk Assessment – July 2017 - View
RBNZ - Sector Risk Assessment – April 2017 - View
FIU - National Sector Risk Assessment - 2019 - View
Regulatory Findings Reports
In 2020 the Department of Internal Affairs (the Department) AML Group released its Regulatory Findings Reports for Lawyers, Accountants and Real Estate Agents. The Department has subsequently had requests from businesses for feedback on the specific areas their sectors are getting right and what needs to be improved. The following is the Departments feedback:
Legal Sector Regulatory Findings - View
Accountancy Sector Regulatory Findings - View
Real Estate Sector Regulatory Findings - View
Featured Articles
New Zealand’s first formal warning issued to a Real Estate Agent - Property Brokers Limited
The Reserve Bank says it's "finalising enforcement action against TSB" over alleged non-compliance with the AML/CFT Act
How Drug Dealers Spend their Cash in New Zealand
The Police Investigation into an Alleged Money Laundering Syndicate
Falling foul of anti-money laundering laws results in multi-million dollar fines for Kiwi companies
A pet and garden supply store operator accused of laundering dirty money for a multimillion-dollar drug syndicate
Luxury cars among $6m of assets seized in major Auckland money laundering bust
BNZ struggled to abide by anti-money laundering laws
What our clients say
“Just wanted to let you know that we passed our on-site inspection by our AML/CFT Supervisor and they commented that we were fine. Thanks for all your help“
– John
“The auditor came today, he says our CDD, Compliance Programme and Risk Assessment are in a very very high standard, even better than some bank's programme. Thank you very much“
– Zoe
“Thanks for undertaking our audit and your suggestions for improving some of our processes were very helpful.”
– Mark