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  1. 30 September 2021

    AML/CFT Monitoring Report

    AML/CFT Monitoring Report summarises the FMA's monitoring activities to help firms and individuals better understand our expectations.
    Tags
    AML/CFT, Compliance, Directors, Roles, Reporting entities, Reports and Papers, Business, News & Insights
    Type
    Page, Report

  2. 30 September 2021

    AML/CFT Monitoring Report

    AML/CFT Monitoring Report summarises the FMA's monitoring activities to help firms and individuals better understand our expectations.
    Tags
    AML/CFT, Compliance, Directors, Roles, Reporting entities, Reports and Papers, Business, News & Insights
    Type
    Page, Report

  3. 30 September 2021

    Customer vulnerability – our expectations for providers

    This information sheet explains the FMA’s expectations for financial services firms to prioritise their customer vulnerability practices, focusing on areas we consider immediate priorities, updated Sept 2021.
    Tags
    Financial Advice Provider, Financial Adviser, Roles, Financial Institutions, Supervisors, Business, Managed investment schemes
    Type
    Page, Guidance

  4. 29 September 2021

    AML/CFT monitoring insights report 2021

    Insights from the FMA’s monitoring of New Zealand’s anti-money laundering and countering financing of terrorism measures by FMA reporting entities from 1 July 2018 – 30 June 2021
    Tags
    AML/CFT, Reporting entities, Roles, Business
    Type
    PDF, Report

  5. 28 September 2021

    Momentum builds in KiwiSaver as scheme reaches $81 billion

    The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has released its KiwiSaver Annual Report based on providers’ statistics for the year ended March 2021, which shows total funds under management reached $81.6 billion, or double the $40.8 billion held in 2017.
    Tags
    Roles, KiwiSaver providers, Media release, Business, Managed investment schemes, News & Insights
    Type
    Page

  6. 24 September 2021

    KiwiSaver Annual Report 2021

    The report details the principal matters transacted under the Act during the year ended 30 June 2021, and contains the
    sixth annual summary of the statistical returns, required to be lodged by KiwiSaver schemes under section 125 of the Act.
    Tags
    Reports and Papers, KiwiSaver providers, Supervisor, Managed investment schemes, Roles, Business, News & Insights
    Type
    PDF

  7. 23 September 2021

    Credit card repayment insurance a poor value product, customers urged to check policies

    The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko - is urging an estimated 200,000 New Zealanders who have credit card repayment insurance (CCRI) to check if they still need the product, after a review found it to be poor value.
    Tags
    Financial Adviser, Roles, Insurance, Media release, Business, Consumer, News & Insights
    Type
    Page

  8. 23 September 2021

    Review of credit card repayment insurance products

    The FMA has conducted a review of credit card repayment insurance products to gain a better understanding of providers’ practices, and the product’s suitability for consumers. We advise anyone who has purchased this sort of insurance to read the report.
    Tags
    Financial Advice Provider, Roles, Reports and Papers, Banking, Insurance Providers, Financial Institutions, Business, News & Insights
    Type
    Page

  9. 21 September 2021

    Review of credit card repayment insurance products

    In our 2019 Life Insurer Conduct and Culture review, we found that “certain products often provided poor value, and consequently poor outcomes for customers, because of limited benefits, and misunderstanding of coverage and eligibility”.
    We carried out this additional review to gain a better understanding of the suitability of CCRI for consumers.
    While most providers have withdrawn CCRI products from sale, there are still several hundred thousand existing policies, whose holders may not need or understand the product and are at risk of experiencing poor outcomes if they need to make a claim.
    Tags
    Roles, Financial Institutions, Business
    Type
    PDF, Report

  13. 13 September 2021

    CLSAP (formerly KVB Kunlun) ordered to pay $770,000 for anti-money laundering breaches

    CLSA Premium New Zealand Limited (CLSAP NZ) has been ordered to pay a total pecuniary penalty of $770,000 for breaches of the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act, following proceedings brought by the Financial Markets Authority – Te Mana Tātai Hokohoko (FMA).
    Tags
    AML/CFT, Roles, Media release, Judgment, Business, News & Insights, Enforcement
    Type
    Page

  14. 10 September 2021

    FSS MANAGEMENT LIMITED

    FSS MANAGEMENT LIMITED is an AML/CFT reporting entity
    Tags
    AML/CFT, Reporting entities, Roles, Business
    Type
    Page

  15. 3 September 2021

    Spotlight on Crypto: Using New Zealand based cryptocurrency trading platforms

    Cryptocurrencies are highly volatile, and many investors have been attracted to the spectacular gains in recent times. In this article, the FMA talks about the things you can do to protect yourself if you’re determined to invest in cryptocurrency.
    Tags
    Cryptocurrencies, Roles, FMA stories, Article, Business, Consumer, News & Insights
    Type
    Page