News

FMA warns on AML

Tuesday 11th of June 2013

AML legislation kicks in at the end of this month and it is widely expected that the FMA will take less of a “hand-holding” approach to the second raft of regulation and expect full compliance quickly.

The FMA says it will be requesting audit reports from entities that are regarded as a high or medium risk. “We will set up a time for the first audit with entities in these sectors. FMA ex...

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