Back

Search results

Found 6611 results. Displaying page 181 of 441

  1. 10 December 2021

    Outsourcing CDD to a third party provider Reminder to FMA and DIA reporting entities

    While third-party providers can provide a useful service, both the DIA and FMA are aware of an increasing number of reporting entities taking a view that the third-party provider “just takes care of it all” and that all CDD requirements are then met. This is not the case. Read more about outsourcing your CDD requirments.
    Tags
    AML/CFT, Reporting entities, Roles, Business
    Type
    PDF

  3. 10 December 2021

    Spotlight on: IPOs

    FMA editorial team talks about IPOs and things to look out for before you invest.
    Tags
    Investor information, Article, Consumer, News & Insights
    Type
    Page

  5. 10 December 2021

    Outsourcing CDD to a third-party provider

    Section 34 of the AML/CFT Act allows a reporting entity to authorise and rely on an agent to conduct CDD procedures on its behalf. An agent is a person that has legal authority to represent another party. If you outsource the above CDD procedures under section 34 to a third-party provider, the provider must be acting as your agent. In these circumstances, you remain responsible for ensuring that the CDD conducted by the third-party provider is undertaken to the level required by the AML/CFT Act. Read the full guidance on this page.
    Tags
    AML/CFT, Client money or property services provider, Crowdfunding providers, Cryptocurrencies, Financial Adviser, Roles, Business
    Type
    Page, Guidance

  6. 9 December 2021

    Hillfarrance GP Limited

    Hillfarrance GP Limited is an AML/CFT reporting entity
    Tags
    AML/CFT, Reporting entities, Roles, Business
    Type
    Page

  7. 9 December 2021

    AxiCorp licence suspension lifted

    The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has lifted the suspension on the derivatives issuer licence of AxiCorp Financial Services Pty Limited (trading as AxiTrader), effective as of 2 December 2021.
    Tags
    Derivative Issuer, Enforceable action, Roles, Media release, Business, News & Insights, Enforcement
    Type
    Page

  10. 7 December 2021

    FMA issues warning to investors about Leadway Investment Group

    WARNING: FMA are concerned that www.leadwaygroups.com (the website) is potentially operating a scam. The website offers trading platforms for various financial products and promises unrealistically high and guaranteed investment returns ranging from 500% to 1,000% in 21 days.
    Tags
    International regulator alerts, Consumer, Scams
    Type
    Page

  12. 7 December 2021

    AML/CFT risk ratings confirmed for sectors under FMA supervision

    A new report by the Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko - has found that derivatives issuers (DI’s) and cryptocurrency service providers are in the high risk category for meeting anti-money laundering and counter-terrorism financing obligations.
    Tags
    AML/CFT, Roles, Reporting entities, Cryptocurrencies, Media release, Business, News & Insights
    Type
    Page

  13. 7 December 2021

    AML/CFT - Sector Risk Assessment

    Our AML/CFT SRA 2021 is an important document that provides general information and specific examples to assist reporting entities (REs) in the ten sectors we supervise for anti-money laundering and countering the financing of terrorism (AML/CFT). It will assist REs to prepare and review their individual assessments of the risks of AML/CFT under sections 58 and 59 of the AML/CFT Act.
    Tags
    AML/CFT, Roles, Reporting entities, Reports and Papers, Business
    Type
    Page, Report

  14. 6 December 2021

    FMA COVID-19 Vaccination Protocol

    To help us minimise the risk of COVID-19 being transmitted at work, we have introduced a protocol which requires anyone working in or visiting any FMA office (or attending any events we host on or off-site) to be fully vaccinated against COVID 19. This policy will come into effect on Monday 6 December.
    Tags
    COVID-19, News & Insights
    Type
    Page

  15. 6 December 2021

    AML/CFT Sector Risk Assessment 2021

    Our Sector Risk Assessment (SRA) helps us and the Reporting Entities we supervise understand the risks of money-laundering
    (ML) and terrorism financing (TF) in each sector. This SRA
    replaces our SRA published in 2017.
    Tags
    AML/CFT, Reports and Papers, Roles, Reporting entities, Business, News & Insights
    Type
    PDF