News

AML deadline looms

Monday 31st of August 2015

Advisers are drawn into the AML rules when they deal in category one products.

They must have a written risk assessment, and a regularly-audited AML/CFT programme.

Not complying with the requirements can result in penalties including fines up to $200,000 for an individual.

Eight hundred reporting entities filed annual reports to the FMA last year.

Advisers were last...

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