New Zealand: FMA talks tough on AML/CFT reporting
10 Feb 2017

New Zealand’s market regulatory, the Financial Markets Authority (FMA)  looks to be toughening up on firms and reporting entities (REs) which are required to provide the regulator with independently produced AML/CFT audit reports.

So far, says the FMA, nine REs have breached their obligations to carry out an independent AML/CFT audit and two REs failed to comply with the request to submit their audit report.

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