Whether your business needs to conduct AML or you are hiring an Accountant you will encounter the AML process and need to provide information to be verified. Every company has their own processes whether they use a third party provider or request and verify the information themselves.
There are quite a few companies that are now providing various AML Services.
They provide AML Audits, AML Consulting and AML Training.
Their AML Audits include the following procedures:
Pre-audit document reviews – They thoroughly pre-audit check your documentation to ensure it’s in line with the NZ AML Act.
Independent Statutory Audits – They provide leading, detailed statutory AML and Counter Terrorism audits.
Post-audit remediation reviews – following the independent audit they will undertake remediation with you to ensure you meet your obligations.
Assurance testing supporting internal audit teams – All AML/CFT audits come with assurance testing that support your internal audit teams.
The AML Training is available through various mediums:
Open Courses
ELearning
In-House Training
AML Summits
First AML completes the Customer Due Diligence process for you, so you can stay focused on your business. They provide the following:
Managing CDD onboarding
Ensure you are AML Compliant
Centrix -
Centrix can provide the following reports:
Credit report for businesses
Personal credit reports
Credit reports for landlords
Credit reports for employers
Credit reports for lenders
Fraud and identity reports
ID Verification
Beneficial Ownership Check
Wheels report
PPSR
There are no joining fees, no ongoing annual fees and pay only for what you use.
Any business will need to review whether they have AML obligations or not and decide to do the whole process in house or look at third party services that can complete the task for you.