Anti-Money Laundering and Trade Sanctions Services | KPMG | NZ

Anti-Money Laundering and Sanctions Compliance

Anti-Money Laundering and Sanctions Compliance

KPMG Forensic help clients understand how money launderers and the financiers of terrorism could be exploiting vulnerabilities in their organisations.

How could money launderers & financiers of terrorism exploit organisation vulnerabilities?

New Zealand’s Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) regime came into effect on 1 July 2013. Failure to maintain effective AML/CFT systems can result in the unwitting support of criminal enterprises or the aims of terrorists, regulatory intervention resulting in substantial monetary penalties, and reputational damage.

It is therefore critical to have the right team on your side. KPMG can work with you to identify, manage and mitigate your AML/CFT risk exposure.

Our team is focused on robust, real-world solutions based on our experience in New Zealand and internationally. We understand you want a manageable, pragmatic framework that works within your business – and is fully compliant with the expectations of your regulator.

Meet the KPMG AML team

 

Why choose KPMG?

A single, cost-effective resource.
We can deliver the full spectrum of services to support your AML/CFT Programme and Risk Assessment. We have the experience built through working with clients in New Zealand and internationally.

A pragmatic solution that’s proportionate to your risk.
You’re looking for a compliance framework that’s suited to your size and type of business. So we’ll ensure you cover everything you need – and nothing you don’t.

Our hands-on approach.
There’s nothing like experience on both sides of the fence. Our collective backgrounds include law, investigative policing, policy drafting and in-house compliance. We are all active members of the Association of Certified Anti-Money Laundering Specialists (ACAMS) which helps ensure we are up to speed with best practices and risks.

Our experience with sector supervisors.
We’ve built up a detailed knowledge of the best approach to dealing with regulators and supervisors – including the Reserve Bank of New Zealand, the Financial Markets Authority, the Department of Internal Affairs, Ministry of Justice officials, and Police Financial Intelligence Unit.

We’re ranked among the best in the world.
Our team in New Zealand is supported by a global network of AML professionals. KPMG was named 2014 Global AML Firm of the Year by Finance Monthly Global Awards. In 2015, KPMG was named International AML Advisory of the Year by the M&A Today and ACQ Global Awards.


We can help you with:

Design and build of your AML/CFT Programme and Risk Assessment.
Together we’ll design a solution that addresses the actual risks and vulnerabilities within your organisation.

Testing and gap analysis.
Test it before you need it. We can undertake a gap analysis to ensure your Programme, Risk Assessment or components of concern are robust and in alignment to your obligations.

Training programmes.
Does your organisation have an approach to building your teams AML/CFT knowledge and capability? We can design and deliver a training programme that is engaging and provides practical advice.

Remediation.
When things have gone wrong, we can help you to plan and carry out remediation of your Programme and Risk Assessment.

Audit your Programme and Risk Assessment.
We can help you through delivering limited or reasonable assurance engagements.

Responding to regulatory inspections and requests.
Prior to a visit or request from your sector supervisor, we can brief you on their expectations to give you a ‘no surprises’ approach to the inspection and provide you with peace of mind.

Annual reporting.
Ensure you’re ready to meet the annual reporting requirement.

Download our Services brochure for full details on our services.

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