AML/CFT Programme Guidance for New Zealand Business Entities
What is an AML/CFT Programme? The below AML/CFT Programme Guidance was issued in October 2022 by New Zealand’s AML/CFT Supervisors. It assists businesses to establish and maintain policies, procedures and controls for compliance with NZ laws for Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT).
What is the AML/CFT Programme Guidance for?
The AML/CFT Programme Guideline assists business entities obligated to New Zealand AML/CFT laws. Following the principles of the AML/CFT Programme Guideline provides a level of regulatory certainty.
The AML/CFT Guideline should be used to increase or confirm the knowledge-base of Anti-Money Laundering Compliance Officers. The AML/CFT Programme Guideline assists in understanding regulatory expectation under New Zealand’s AML/CFT laws. It assists in establishing and maintaining AML/CFT policies, procedures and controls for compliance with NZ laws for Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT).