A significant upcoming report will put anti-money laundering back in the spotlight in 2021.
The report is expected to identify areas for improvement and – most likely – will prompt change to the AML regulatory framework and the strategic priorities of AML supervisors.
In advance of this
report, New Zealand’s AML supervisors have signalled an increased appetite for
enforcement action for breaches of the AML/CFT Act.
In this environment, New Zealand businesses should be reviewing their own compliance with the AML/CFT Act.
Download The Big Picture: Anti-money laundering - is regulatory change on the horizon? or read below.
This publication is necessarily brief and general in nature. You should seek professional advice before taking any action in relation to the matters dealt with in this publication.
