March 12, 2018 BY Valentina Kirilova

New Zealand FMA issues five warnings for anti-money laundering and CFT act

New Zealand's Financial Markets Authority (FMA) announced that it has issued formal warnings to five reporting entities under Section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act). Entities are required by law to have their risk assessment and AML/CFT programme audited by an independent auditor every two years. For this…

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