Tag: Countering Financing of Terrorism Act

fma warning
February 08, 2017 BY Valentina Kirilova

New Zealand's FMA warns firms under anti-money laundering and countering financing of terrorism act

The Financial Markets Authority (FMA) has issued a formal warning to 12 reporting entities under section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act. Under section 59(2) of the Act, the FMA required reporting entities to submit their audit of their Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) risk assessment and…

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