Bell Gully conversations with the AML/CFT Supervisors: Angus McGregor and Kerry Beaumont, RBNZ

2 August 2022

Our specialist Anti-Money Laundering team has noticed an increase in the number and range of instances in which clients are calling upon our AML expertise over the last few years. We have had conversations with New Zealand’s AML supervisors to better understand the regulators’ position on a range of practical AML issues that we routinely grapple with.

In our second conversation of the series, Jennifer Gunser sat down with Angus McGregor, Director of Specialist Supervision and Support and Kerry Beaumont, Director of Enforcement and Resolution from the Reserve Bank of New Zealand – Te Pūtea Matua to discuss the RBNZ’s views on a range of AML/CFT-related topics. These include:

  • Self-reporting
  • Common challenges of customer due diligence
  • The annual return process
  • AML/CFT priorities for the RBNZ
  • The RBNZ’s enforcement framework
  • International influences

A recording of the conversation can be accessed below.

We hope you find the insights from the conversation helpful. Feel free to get in contact with our team if there is anything you would like to discuss.

Disclaimer: 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.