Asia Pacific AML - Latest News [Page 1]

Lawyers, Accountants, Estate Agents and Suspicious Activity

Thursday, 23 May 2019, 2:00 pm | Asia Pacific AML

Suspicious activity reports (SAR’s) are a key source of information which the New Zealand Financial Intelligence Unit (FIU) use to enhance the detection of criminal offences through a transaction, a service, or series of transactions and/or services. ... More >>

The Anti-Money Laundering Compliance Journey

Friday, 10 May 2019, 10:26 am | Asia Pacific AML

There is indication it has not been an easy journey to date for AML reporting entities in New Zealand, especially those included in the Phase 2 of the Anti-Money Laundering and Counter Terrorism Financing [AML/CFT] Act 2009. Their ability to appreciate, ... More >>

Are AML/CFT obligations being taken seriously?

Wednesday, 8 May 2019, 10:46 am | Asia Pacific AML

Notwithstanding the best efforts by banks, financial institutions, and gate keepers (or those professions considered capable of providing authenticity to activities that hide money laundering and terrorism financing), the ability to conduct money ... More >>

Technology enhanced AML/CFT compliance

Wednesday, 1 May 2019, 8:54 am | Asia Pacific AML

Enhancements in technology have compelled meaningful change to personal and business activities. With increased access to mobile technology , through to the prominence of driverless vehicles , technology is influencing the way we manage our relationships, ... More >>

SupTech – An AML/CFT regulatory authorities’ greatest tool

Friday, 26 April 2019, 9:54 am | Asia Pacific AML

Technological and scientific progress in the areas of machine learning , artificial intelligence (AI), distributed ledgers, and big data has led to further discussion around the term SupTech – or supervisory technology. Although technology solutions ... More >>

RegTech: an AML/CFT compliance perspective

Thursday, 18 April 2019, 3:31 pm | Asia Pacific AML

Even to an outsider, the term ‘RegTech’ is gaining noteworthy exposure and momentum throughout the compliance industry. Government regulators responsible for monitoring and enforcement have increased their interest in the FinTech/RegTech industries. ... More >>

AML/CFT compliance & RegTech

Wednesday, 10 April 2019, 9:54 am | Asia Pacific AML

RegTech is recognised as the use of technology to reduce the time and costs for meeting compliance obligations with legislative requirements. RegTech includes automation and enhancement of manual processes, reducing human resourcing commitments, and as ... More >>

Money laundering and countering financing of terrorism

Thursday, 4 April 2019, 10:15 am | Asia Pacific AML

Money laundering and countering financing of terrorism report highlights concerns, sets out future focus More >>

Violent Video Games create Terrorists

Monday, 18 March 2019, 9:09 am | Asia Pacific AML

Research has shown that video games desensitise humans. In 2016 a study was undertaken with a group of university students who were split into groups of video game players. One group played violent games and another group playing non-violent games. More >>

Professionals also have responsibility to Fight Terrorism

Saturday, 16 March 2019, 2:14 pm | Asia Pacific AML

Fighting financial crime and the evil that follows it, such as distribution of illegal substances and gang wars, is not the responsibility of law enforcement alone. Many countries have laws that enforce the requirement for businesses to identify and report ... More >>

Terrorist Attack - New Zealand

Saturday, 16 March 2019, 1:55 pm | Asia Pacific AML

Less than 24 hours ago, New Zealand experienced its largest terrorist attack. At approximately 2.30 pm (NZT) on Friday 15th March 2019, an Australian born white supremist took a stash of guns to two mosques located in Christchurch, New Zealand. More >>

The disparities of AML/CFT compliance obligations in NZ

Friday, 1 March 2019, 9:44 am | Asia Pacific AML

The disparities between the ‘reason for’ and the ‘implementation of’ AML/CFT compliance obligations in New Zealand More >>

Terrorism in New Zealand?

Wednesday, 23 January 2019, 2:26 pm | Asia Pacific AML

Police have reported multiple stabbings in a local supermarket at Whanganui. Whanganui is a city in the west coast of the North Island. More >>

Terrorism in New Zealand?

Wednesday, 23 January 2019, 9:22 am | Asia Pacific AML

Police have reported multiple stabbings in a local supermarket at Whanganui. Whanganui is a city in the west coast of the North Island. More >>

What is Client Profiling and Why is it Necessary?

Friday, 29 June 2018, 11:45 am | Asia Pacific AML

Client profiling applies to your client, as well as the beneficial owner(s) and effective controller(s). By applying a profile across your client base, you can more readily identify your higher risk clients. More >>

Anti-money laundering reporting obligations

Wednesday, 16 May 2018, 10:10 am | Asia Pacific AML

As the 1st  July draws closer, New Zealand lawyers are continuing to prepare for their transition as ‘reporting entities’ under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. Commonly referred to as “Phase 2 implementation”, ... More >>

AML360 Appoints Executive Consultant for New Zealand

Wednesday, 9 May 2018, 11:43 am | Asia Pacific AML

As New Zealand’s AML/CFT compliance deadlines loom ever closer, lawyers and conveyancers, accountants, real estate agents and some high value dealers are facing increased pressure to respond appropriately to their compliance obligations. More >>


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