Anti-Money Laundering – New Zealand
Product Description
The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT) is the primary legislation intended to satisfy New Zealand’s international obligations to combat money laundering. The Act establishes the grounds for prevention, detection, investigation and prosecution of money laundering.
This course will help you understand the various identification and reporting obligations of the Act as well as related legislation such as the Terrorism Suppression Act 2002. Key concepts and obligations are set out, from corporate compliance, customer relationships, and customer due diligence to suspicious transactions and the suppression of terrorism.
Employees of financial institutions need to understand their obligations under the Act to ensure all reasonable steps are taken to deter their institution and its products and services from being used by a person who is laundering money.
The course covers the expanded Customer Due Diligence obligations introduced in 2024, and gives learners a detailed understanding of the importance of these provisions.
It also looks ahead to the provisions, coming into effect in June 2025, that expand the set of industries that have reporting and monitoring obligations.
Other Anti-Money Laundering Training
Anti-money laundering and counter-terrorism financing laws vary from jurisdicion to jurisdiction.
We offer
- Anti-Money Laundering – Australia
- Anti-Money Laundering for the Finance Sector – Australia
- Anti-Money Laundering – Global
- Anti-Money Laundering – Singapore
- Anti-Money Laundering – Malaysia
- Anti-Money Laundering – USA
Specialist AML Training
- Sanctions Compliance
- Introduction to Trade Finance
- Trade-Based Money Laundering
- Proliferation Financing
Financial Crimes Compliance Training
GRC Solutions offers a suite of online complilance training, compliance tools, and workshop and consulting facilities to assist organisations to harden their operations against the threat of financial crime.
More information here
Who should do this training?
You should complete this course if you are involved in a compliance or risk management function, with the processing of financial transactions or with the opening of accounts at a financial institution or casino
Course Outline
- Module 1: Introduction to money laundering
- Module 2: Money laundering risks
- Module 3: Customer Due Diligence
- Module 4: Monitoring and Reporting Obligations
- Module 5: Terrorist financing
Customise Course
Do you have a policy or process, or some subject-matter expertise that you would like to add to this course?
Talk to us about ways we can quickly tailor the course to suit your needs.