Scoop has an Ethical Paywall
FMA releases AML/CFT monitoring report
Media Advisory
MR No.2016 – 37
08 December 2016
FMA releases AML/CFT monitoring report
The Financial Markets Authority (FMA) has today published its third annual AML/CFT monitoring report.
Reporting entities (REs) are required to file annual reports by 31 August each period, for the year ending 30 June. Data collected from these reports helps to inform the FMA’s risk-based approach to monitoring the market and understand what business activities the REs carried out.
The 2016 report shows some progress in REs meeting their anti-money laundering and countering of financing of terrorism obligations. The report highlights concerns the FMA has around the continued low level of filing of suspicious transaction reports and how this will be addressed in 2017.
A full copy of the report is now available here.
ENDS
Spark: New Report Sets Out Outcomes-Led Approach To Lift Rural Connectivity Using The Right Mix Of Technologies
Bill Bennett: Fixed Voice Rules Head For Deregulation
UN Department of Global Communications: United Nations Proposes New Global Dashboard To Measure Progress Beyond GDP
Banking Ombudsman Scheme: Fraud Check Delays Well Worth The Inconvenience, Says Banking Ombudsman
Asia Pacific AML: NZ’s Financial Crime Gap - Beyond The 'Number 8 Wire' Mentality
Westpac New Zealand: Kiwi Households Adapting Despite Widespread Cost Pressure Concerns, Westpac Survey Shows
