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Found 73 results. Displaying page 5 of 5

1. 9 August 2019

   Guidance on Expired Passports as Identification for Customer Due Diligence

   The AML/CFT supervisors have become aware of the need for clear guidance on the use of expired passports as part of Customer Due Diligence procedures and how it relates to the Amended Identity Verification Code of Practice 2013 (‘the code’).

2. 15 December 2022

   Pencarrow Private Equity Management Limited - Formal Warning

   We have formally warned Pencarrow Private Equity Management Limited for breaching record-keeping requirements under the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act. Our investigation found Pencarrow had systemic failings in its retention of identity and verification records for customers who invested in its Fund V, during the period April to July 2018, in that the records were not readily accessible.

3. 19 October 2022

   InvestNow Saving and Investment Service Limited - Warning

   Formal warning from FMA to InvestNow Saving and Investment Service Limited for failing to comply with anti-money laundering.

4. 12 December 2017

   Open letter to managers of collective investment schemes

   Open letter to managers of collective investment schemes ahead of the anti-Money laundering and Countering Financing Terrorism Act 2009.

5. 13 May 2024

   Guidance note for reporting entities Notifying customer of asset freeze or blocked transaction

   FMA, DIA and RBNZ – along with their partner agencies – MFAT and NZ Police – have provided a Guidance Note for duty holders that are AML/CFT reporting entities. The Guidance Note specifically relates to notifying a customer of an asset freeze or blocked transaction under the Russia Sanctions Act.

6. 1 October 2014

   Getting the best outcome from your AMLCFT Audit

   This information is intended to help our REs, especially small financial adviser businesses, get value from their AML/CFT Audit. Adopting all (or any) of these items in discussions with auditors is optional, but we believe that by considering these suggestions, REs are more likely to achieve the best possible results from their audit.

7. 20 August 2021

   Sharesies Limited - Formal Warning

   FMA issued a formal warning to Sharesies Limited and Sharesies Nominee Limited for failing to have sufficient anti-money laundering procedures, policies, and controls in place.

8. 20 March 2020

   Tiger Brokers (NZ) Limited - Formal Warning

   FMA issued a formal warning to NZX-accredited broker Tiger Brokers (NZ) Limited for failing to have several adequate anti-money laundering protections in place. 20 March 2020.

9. 2 May 2016

   Craigs - Settlement Agreement

   Craigs and FMA Settlement agreement,following an investigation into potential breaches of Anti-Money Laundering and Countering Financing of Terrorism Act 2009 in relation to Craigs. 2 May 2016.

10. 10 October 2019

    Circle Markets Limited - Formal Warning

    Notification of a formal warning from the FMA to Circle Markets Ltd under section 80 of the Anti-money laundering and countering finance of terrorism Act 2009. 10 October 2019.

11. 23 November 2017

    Fullerton Markets Ltd - Warning

    Notification of a formal warning from the FMA to Fullerton Markets Ltd under section 80 of the Anti-money laundering and countering finance of terrorism Act 2009. 23 November 2017.

12. 1 October 2018

    Class exemption for managing intermediaries

    This information sheet explains the conditions for reporting entities whose customers include managing intermediaries and customers of managing intermediaries to be able to rely on the Anti-Money Laundering and Countering Financing of Terrorism (Class Exemptions) Notice. .

13. 29 April 2024

    Beneficial ownership guideline

    This guideline is to assist reporting entities in meeting the requirement to perform customer due diligence on the customer and beneficial owners of the customer under sections 11-26 of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (‘the Act’).