The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT) is the primary legislation intended to satisfy New Zealand’s international obligations to combat money laundering. The Act establishes the grounds for prevention, detection, investigation and prosecution of money laundering.
Who needs the training?
The course should be completed by all employees of reporting entities (including those involved in compliance and risk management functions) that offer services such as:
- providing bank account-related services
- making loans
- exchanging currencies
- issuing debit and stored value cards
- issuing securities and derivatives
- stockbroking
It is designed to cater for a diverse audience and all levels of staff, therefore we have generic modules aimed at all employees and some specific to senior management.
Course outline
| Module 1: |
Introduction to money laundering |
| Module 2: |
Money Laundering Risks |
| Module 3: |
Customer Due Diligence obligations |
| Module 4: |
Monitoring and reporting obligations |
| Module 5: |
Terrorist financing |
You will have 90 days to complete this course. 
