AML / CFT Services

Having adequate Anti-money-laundering (AML) and Countering Finance of Terrorism (CFT) measures in place is a responsibility every organisation in New Zealand should take seriously.

These policies and measures are not only key to the integrity of the international finance system but help keep our domestic market safe. 

At Moore Markhams, our experts work closely with you to ensure your AML/CFT requirements are met effectively and with minimal disruption to your daily operations.

Which organisations need to be AML / CFT compliant?

The 2009 (AML/CFT Act) places strict obligations on a number of organisations to detect and deter money laundering and terrorism financing. This includes:

  • Financial Institutions
  • Casinos
  • Virtual Assets Service Providers (such as crypto currency providers)
  • Accountants
  • Real Estate Agents
  • Lawyers
  • Conveyancers and;
  • High Value Dealers

However, organisations of any industry and size can benefit from having AML and CFT measures in place. 

What does my organisation need to do to be AML / CFT compliant?

There are a number of elements involved with becoming AML/CFT compliant.

This includes operating processes, staff training and conducting an audit. AML/CFT audits should be performed every three years, however, it is good practice to do an annual check.

AML / CFT services at Moore Markhams

Moore Markhams experts understand the pressure AML/CFT compliance puts on your organisation, and we will work closely with you to ensure these requirements cause the least amount of disruption possible.

We follow a tailored risk-based approach to ensure nothing is missed.

  • AML/CFT Compliance Audits: We can conduct your tri-annual AML/CFT audit to ensure you comply with your audit requirements. We will take you through the process step-by-step, from preparation to conclusion.  Moore Markhams will also provide recommendations to any issues raised during the audit process, or any points raised by regulators or other reporting bodies
  • AML/CFT Annual Check Point and assessment: Three years is a long time between audits. We can perform a mini-audit or check point to make your tri-annual audit as quick as possible, or ahead of an AML Audit. This checkpoint will help identify issues and irregularities early and will assist in addressing them before they become a larger problem.
  • AML/CFT Training: Moore Markhams is able to build and offer training, relevant to all levels of your organisation. Whilst no-one’s favourite, we will ensure the training is effective, and all staff (from directors to front line) are aware of how they can help keep your organisation, staff and clients safe.
  • AML/CFT advisory: the Moore Markhams team of advisors are experienced in all aspects of AML/CFT and can assist you with any questions or concerns you have.

Contact your local Moore Markhams AML / CFT expert today

AML/CFT works best when it is part of standard operating procedures and becomes business as usual. Our experts will help you achieve this for your organisation.

Contact us today to find out how we can assist in all of your AML/CFT compliance requirements.