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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.

Session One

Introduction to the AML/CFT Act

  • 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

  • Session Two

    Overview of the AML/CFT regulations

  • Zowie Pateman, Senior Policy Advisor, CA ANZ – existing body of regulations
  • Matthew Mitchell, Senior Policy Advisor, Ministry of Justice – MoJ role, NZ’s international obligations, new regulations

  • Session Three

    Guidance for accountants on the AML/CFT regime

  • Zowie Pateman, Senior Policy Advisor, CA ANZ – existing body of guidance
  • Jamie Lynch, AML Supervisor, Department of Internal Affairs - DIA role, Wellington based compliance team

  • Learning Outcomes

    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.

    Benefits


    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



    EVENT DETAILS


    Topic: Corporate Finance, Ethics & Integrity, Reporting

    Sub-Topic: Business Reporting, Governance, Risk Management

    Format: Recorded Webinar

    Proficiency Level: Foundation, Intermediate

    CPD: 3 hours