Description

Ongoing obligations and expectations

2020 and 2021 have seen a clear increase in enforcement activity by the AML/CFT Supervisors with the FMA and RBNZ undertaking their first formal enforcement activities and the DIA issuing its first formal warnings to Phase 2 businesses.

This webinar will provide an overview of the ongoing responsibilities of the AML/CFT Compliance Officer in light of the enforcement action taken and regulatory reports issued by the AML/CFT Supervisors. It will include:

• A reminder of the legal responsibilities of the AML/CFT Compliance Officer
• Details of the expectations the DIA has for the AML/CFT Compliance Officer
• Details of AML/CFT Compliance Officer areas of non-compliance identified by the DIA in its regulatory findings and enforcement actions.
• Details of AML/CFT Compliance Officer areas of non-compliance identified by us during our Section 59 independent audits.

ORIGINAL BROADCAST DATE

11 May 2021

LEARNING OUTCOMES

This webinar will provide an overview of the ongoing responsibilities of the AML/CFT Compliance Officer in light of the weaknesses identified in enforcement action taken and regulatory reports issued by the AML/CFT Supervisors and Section 59 independent audits undertaken.

SUITED TO

This webinar is suited to AML/CFT Compliance Officers and those with management or governance responsibilities for AML/CFT compliance across all Phase 2 AML/CFT sectors (Lawyers, Accountants and Real Estate Agents).

PRESENTER

Martyn Solomon, Associate Partner – Risk Consulting, Findex/Crowe (presenting on behalf of TEO)