Annual AML/CFT reports

 

All reporting entities are required to prepare an annual report on their risk assessment and AML/CFT programme. Reports for the period of 1 July 2015 – 30 June 2016 must have been submitted to FMA by 31 August 2016. 

Information from these reports will provide us with important information on the people and organisations we supervise, and help us:

  • understand the risk of money laundering and financing of terrorism activities in each reporting entity
  • ensure that information we have on our reporting entities is accurate and up-to-date
  • determine the best use of our AML/CFT resources.

Submissions must be made between 1 July – 31 August 2016 by completing an editable PDF called the annual AML/CFT report submission form 2016.

Please note: you must have Adobe Acrobat Reader version ‘X (also known as version 10)’ or greater installed on your computer to edit the form. You can download the Reader for free from https://get.adobe.com/reader.

Instructions for submitting your report are included at the end of the form.

To complete the annual AML/CFT report you will need:

  • FSP number 
  • your most recent financial year-end data.

We also recommend that you:

There have been changes to some of the questions to help make it easier to complete. They help clarify what information you need to provide and reduce confusion for certain questions making it easier respond more accurately.

The main changes are described below.

Questions Change
4.3 – 4.7 Risk assessment Questions re-ordered to flow logically for the internal review/auditing of reporting entities’ risk assessment section.
4.8 & 4.9 Risk assessment Question 4.8 has been split into 4.8 and 4.9 to reduce errors in responses.
5.3 – 5.7 AML/CFT Programme Questions re-ordered to flow logically for the internal review/auditing of reporting entities’ AML/CFT programme section.
6.2 Products and Services. 35 – 46d

Terminology describing investment products and services has been updated to be consistent with the FMC Act. For example, new FMC Act services have been added, including licensed intermediary services such as peer-to-peer lenders and DIMS licensees.

NOTE: We accept for some reporting entities, splitting revenue into new products/services may be problematic.  If you have been preparing that data cumulatively over the reporting period to populate existing questions, please break the revenue down into the appropriate new product/service –taking into account you only need to provide an estimate

10.1 Questions from the FMA Terminology for the section identifying which sub-sector your reporting entity belongs to has been updated to be consistent with changes in section 130 of the AML/CFT Act and section 5 of the Financial Service Providers Act.  It now takes into account that some reporting entities’ financial activities may cover more than one sector type.

How to submit your report

Due to changes in the questions this year, and because we are in the process of improving our online submission portal, you will be required to submit your report using a editable PDF called the annual AML/CFT report submission form 2016 - not through an online portal like last year.

This means you do not need to send us a printed and signed copy of your report. However, you are required to save or print a copy of this report which the FMA may ask to inspect in the future.

To open the form, please follow the steps below.

Microsoft Internet Explorer or Edge users:

  1. Please RIGHT mouse - click on this link.
  2. Select ‘Save target as’. 
  3. We recommend saving the form to your desktop. You are ready to complete the form.
  4. To open it from your desktop, double click to open it in Adobe Reader.


Chrome or Firefox users:

  1. Please RIGHT mouse - click on this link.
  2. Select ‘Save link as’. 
  3. We recommend saving the form to your desktop. You are ready to complete the form.
  4. To open it from your desktop, double click to open it in Adobe Reader.

If you cannot access a compatible version of Adobe Acrobat Reader you will not be able to edit the form. Instead, please download to print the form, write in your responses and scan the form as a PDF file. Email the scanned completed form to us at aml@fma.govt.nz

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