News

AML audit rush feared

Thursday 21st of May 2015

Reporting entities must have an audit of their risk assessment and AML/CFT programmes every two years, or when the FMA asks for one.

For most reporting entities, their first audit deadline will be the end of June, which is two years from the date the legislation kicked in.

There are about 800 reporting entities who are supervised by the Financial Markets Authority. Each business i...

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