Overview Of The AML/CFT Regulations Series
The Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act 2009 (“the Act”) has been extended to cover accountants in public practice undertaking activities subject to the Act. Our members need to be ready to comply with the new legislation from 1 October 2018.
Introduction to the AML/CFT Act
Overview of the AML/CFT regulations
Guidance for accountants on the AML/CFT regime
Upon satisfactory completion of this webinar you will be able to:
- The services that are in scope of the AML/CFT Act.
- Key compliance requirements under the AML/CFT Act.
- The roles of FIU, MoJ and DIA.
- New Zealand’s international obligations.
- The money laundering risks faced by accountants.
- The regulations that apply to Phase 2 reporting entities.
- The guidance that is available for accountants.
- As the supervisor, how DIA interpret certain aspects of the AML/CFT Act.
This is designed to assist members to determine whether their accounting practice is a reporting entity for AML purposes, and if it is what they need to do. Members get to hear directly from the Ministry of Justice, the Financial Intelligence Unit of the NZ Police and the Department of Internal Affairs who are partnering to lead this work.
Zowie Pateman, Senior Policy Advisor, CA ANZ - overview of the scoping activities, compliance obligations, timeline
Carol Cody, Training, Liaison & Compliance Manager, Financial Intelligence Unit New Zealand Police - FIU role, goAML, SARs and PTRs, national risk assessment
Matthew Mitchell, Senior Policy Advisor, Ministry of Justice – MoJ role, NZ’s international obligations, new regulations
Jamie Lynch, AML Supervisor, Department of Internal Affairs - DIA role, Wellington based compliance team
Topic: Corporate Finance, Ethics & Integrity, Reporting
Sub-Topic: Business Reporting, Governance, Risk Management
Format: Recorded Webinar
Proficiency Level: Foundation, Intermediate
CPD: 3 hours