AML to get reviewed this year
Friday, February 7th 2020, 8:40AM
The Financial Action Task Force will be testing the effectiveness of New Zealand’s compliance regime for anti-money laundering and countering the financing of terrorism this year.
FATF is the global standards-setter for AML/CFT and the results of their reviews are looked at carefully by those looking to do business in New Zealand.
"Our readiness is looked at both by those who want to see high standards before they do business here and those who are seeking the weakest link in the AML/CFT chain. We do not want New Zealand to be that weak link," FMA chief executive Rob Everett says.
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