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Asia Pacific AML
Free Online Resource
Asia Pacific AML is a free online resource to assist professionals with AML compliance and deliver news and events.
Asia Pacific AML - Latest News [Page 1]
International Sanctions - Countering Financing of Terrorism
Thursday, 19 June 2025, 12:33 pm | Asia Pacific AML
When will the Western world see Israel as a sanctioned country for its acts of crime and harm to innocent civilians? More >>
International Sanctions - Countering Financing of Terrorism
Thursday, 19 June 2025, 12:31 pm | Asia Pacific AML
When will the Western world see Israel as a sanctioned country for its acts of crime and harm to innocent civilians? More >>
New Zealand AML/CFT Compliance Updates To Require A Customer Risk Rating Model
Saturday, 7 June 2025, 1:31 pm | Asia Pacific AML
Businesses that are captured under the Anti-Money Laundering and Countering Financing of Terrorism Act must now rate customers (interchangeably referred to as clients) and retain record keeping of the Customer Risk Rating Model. More >>
What Are New Zealand's Risk To Facilitating Unregulated Alternative Remittance?
Monday, 2 June 2025, 8:01 am | Asia Pacific AML
The research focuses on NZ’s AML/CFT Act and legislative framework for effectiveness to manage risks arising from traditional money remittance, also known as ‘alternative remittance’. Such methods of trading are unconventional (traditional) and emerging More >>
New Zealand Is Not Yet Capturing Alternative Remittance In Anti-Money Laundering Laws
Saturday, 31 May 2025, 1:10 pm | Asia Pacific AML
Though New Zealand’s AML/CFT regime captures conventional money or value transfers that occur through a Wire Transfer, it does not capture unconventional methods of trading. More >>
Jevon McSkimming – Privacy And Democracy Vs Journalists
Saturday, 24 May 2025, 12:37 pm | Asia Pacific AML
"I don’t think journalists have yet learnt that their power of the pen or words they publish can perpetually harm a person’s livelihood, their family’s livelihood and in the case of Mr McSkimming, forever destroy his reputation and career," says ... More >>
NZ’s Ambiguity In Law Is A Weakness To Combatting Financial Crime, Trans-national Crime And Financing Of Terrorism
Thursday, 3 April 2025, 7:03 am | Asia Pacific AML
Financial exclusion is a risk that New Zealand’s Ministry of Justice and AML/CFT Supervisors have not yet fully addressed. The adverse consequence of financial exclusion is “Underground Banking”. More >>
New Zealand Continues To Breach Civil Rights To Privacy Data Laws
Friday, 28 March 2025, 8:20 am | Asia Pacific AML
Government agencies are not authorised to access customer data that a business has collected under the AML/CFT Act. Regardless, NZ government agencies are utilising powers that are not authorised and collating data against New Zealanders outside ... More >>
New Zealand Lacks Governance Framework To Combat Transnational Crime
Friday, 22 November 2024, 2:15 pm | Asia Pacific AML
This is 1 of 3 articles discussing New Zealand’s weaknesses in managing threats arising from transnational crime. More >>
Is New Zealand Complacent To Political Corruption?
Monday, 14 October 2024, 4:26 pm | Asia Pacific AML
By New Zealand Parliament failing to adequately address political corruption, Parliament fails to ensure a culture of integrity is led from the top. Human rights will always be better protected in countries that can demonstrate political integrity and transparency. More >>
NZ Has Never Exercised Governance Over Threats From Trans-National Criminals; Easy To Facilitate Trans-National Crime
Tuesday, 17 September 2024, 8:19 pm | Asia Pacific AML
If New Zealand’s government is serious about protecting its people, it needs to start showing levels of governance that can stand up to international scrutiny. More >>
New Zealand’s History Reveals Wilful Blindness To Political Corruption And Organised Crime
Wednesday, 6 December 2023, 12:17 pm | Asia Pacific AML
Asia Pacific AML – Written By Kerry Grass* Since 2010, I Have Been Operating As An Anti-money Laundering Consultant. In This Role, I Enjoy Reporting On The Principles Of Anti-corruption And Anti-bribery Laws. Being A Citizen Of New Zealand, I Follow ... More >>
DIA Warns Against Generic Risk Templates
Thursday, 27 October 2022, 6:20 pm | Asia Pacific AML
On 20 October 2022, the Department of Internal Affairs (an Anti-Money Laundering Supervisor for lawyers, real estate agents and accountants) provided the following warning – "many reporting entities continue to adopt a generic template without ... More >>
Why Are Lawyers Captured Under Anti-Money Laundering Compliance Laws?
Tuesday, 18 October 2022, 11:46 am | Asia Pacific AML
The constructive process of the money laundering cycle is commonly referred to as having three stages known as (1) Placement, (2) Layering and (3) Integration. Placement refers to the movement of the original dirty proceeds into the economic market. Layering, ... More >>
Anti-Money Laundering Risk Assessments – New Zealand
Monday, 17 October 2022, 11:10 am | Asia Pacific AML
The Cost of Non-Compliance The AML business risk assessment is considered to be the core pillar of an AML/CFT Programme. If the AML risk assessment is ineffective, the entire AML/CFT compliance framework is compromised. Due to the importance of ... More >>
AML Transaction Monitoring Essentials
Tuesday, 11 October 2022, 6:16 pm | Asia Pacific AML
Anti-money laundering compliance requires the detection of unusual customer activity. This article discusses what this means in practice. Activity Analysis Without the ability to detect when a client's activity is unusual or suspicious, a business will ... More >>
Measuring Money Laundering Risks Across A Business
Friday, 7 October 2022, 10:42 am | Asia Pacific AML
A written risk assessment is the starting point for development of a compliance framework designed to combat money laundering and financing of terrorism. The anti-money laundering (AML) business risk assessment seems to cause many businesses to operate ... More >>
New Zealand – A Country Complacent To Organised Crime
Thursday, 8 October 2020, 11:40 am | Asia Pacific AML
AsiaPacificAML – Kerry Grass, Founder, AML360 New Zealand has no Anti-Corruption Agency An Anti-Corruption Agency has the remit to be - ‘ specialised in fighting political corruption and engaging in general anti-corruption activities. ’ ( Wikipedia ... More >>
New Zealand Needs An Anti-Corruption Agency – URGENTLY
Friday, 2 October 2020, 1:50 pm | Asia Pacific AML
The recent fiasco of New Zealand’s Serious Fraud Office distributing a press release linked to a political party just 1-day before the election process commencing, is a political bias, claims the Deputy Prime Minister (see story below). The Deputy ... More >>
New Zealand – Land Of The Long Sweeping Carpet
Friday, 2 October 2020, 5:28 am | Asia Pacific AML
Is New Zealand witnessing a transparent political interference by an ‘independent’ government department. Let’s talk about the Elephant in the room or at least the Elephant squarely planted in New Zealand’s parliamentary election process. On 17 ... More >>
