Anti Money Laundering
As an AML/CFT reporting entity, you are required to have an independent audit of your AML/CFT Risk Assessment and Programme.
Every two years, or earlier on request of your Supervisor, AML/CFT reporting entities are required to have an independent audit of their AML/CFT risk assessment and programme.
It is your responsibility to identify and appoint an auditor who is independent and suitably qualified to conduct the audit.
Our Audit Services
At Findex, our team of audit specialists provide AML/CFT audit services to businesses across multiple sectors.
Our team has the experience and insight to support you in navigating your compliance obligations and in your interactions with Supervisors.
Our AML/CFT clients include:
Money Services Businesses
Collective investment schemes
Financial leasing providers
Non-deposit taking lenders
Our Audit Approach
Our audits are performed in accordance with SAE 3100 Assurance Engagements on Compliance underpinned by ISAE (NZ) 3000 issued by the XRB. The approach covers the following key areas of good practice, providing practical recommendations for improvement where needed:
Appointment of AML/CFT compliance officer
Maintenance of policies and procedures
Management and board reporting
Annual reporting to Supervisors
External audit reporting
Record keeping, data and document retention
Identification and assessment of risks
Risk assessment methodologies
New and emerging risks
Staff recruitment, vetting, fit and proper screening
Customer Due Diligence
Customer risk rating
Enhanced due diligence
Source of funds and wealth
Politically exposed persons (PEPs)
Sanctions, screening and reporting
Reporting to the NZ Police FIU
Suspicious Activity Reports (SARs)
Prescribed Transaction Reports (PTRs)
Suspicious Property Reports (SPRs)
Dealing with requests for information