OUR SERVICES
The safeguarding from financial crime fits neatly between regulation and crime prevention. We're all about anti-money laundering legislation compliance. New Zealand's small and medium size businesses face a new challenge with the introduction of the AML/CFT Act Phase 2. In this context we have developed a highly cost effective tailored AML products that cover training, auditing & reporting, consulting and Customer Due Diligence (CDD). Please scroll down for more information.
WHO WE ARE
Established in early 2017 and based in Wellington, New Zealand, our company provides a full range of Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) services.
We offer:
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Quick turnaround.
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Competitive pricing with no hidden costs.
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Local technical and legislative knowledge with our consultants certified by ACAMS.
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Professional and bespoke service.
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Comprehensive service.
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Credible verification sources using industry benchmarked technology.
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Free first consultation.
AB AML abides by principles of integrity, transparency and confidentiality.
TRAINING
We provide one-off and ongoing training to customer support, CEOs and compliance officers through the use of presentations and classes. This training covers obligations, suspicious transaction monitoring, what to do when suspicious activity is detected, new laws and changes to existing legislation, developing AML/CFT policies, procedures, programmes and processes.
AUDITING AND REPORTING
AB AML is proficient at conducting audits, obligatory risk assessments, developing tailored AML programmes and conducting annual reviews. In addition we can assist with all forms of compliance reporting. We perform these services at highly competitive rates with auditing starting from $800 including GST. New Zealand AML legislation requires all entities to:
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Have their AML risk assessment and programme audited once every two years.
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Submit an annual AML report to the Department of Internal Affairs once a year.
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Report suspicious activities.
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Update risk assessment and programme as required.
AB AML has developed a range of AML programmes for the benefit of reporting entities looking to keep costs down. To download, click here:
CONSULTING
We understand that often reporting entities just want to make sure they've got it right. We offer consulting services to businesses to ensure they become, and remain compliant. We are knowledgeable about AML related bills passing through parliament.
We offer consultative advice for conducting and reviewing risk assessments, programmes and identification of compliance obligations. We understand the importance of ensuring AML policies, procedures and controls must be sufficiently robust to reasonably address the risks identified in the risk assessment. In addition we offer consultation for suspicious activity reporting and record keeping solutions.
We provide ongoing professional support and all all clients are provided with updates regarding guidelines and AML/CFT news. Our business phone support for all AML related enquiries is highly valued by customers who often need answers within a short time-frame.
CUSTOMER DUE DILIGENCE
New Zealand AML legislation requires reporting entities to 'know their customers' and verify their identities.
We perform all forms of stakeholder/customer identity verification and checking using cutting edge technology at highly competitive rates.
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Identity Verification including passport and visa
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Criminal History Checks
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Adverse Media/Integrity Checks
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Sanction List Checks
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PEP Checks
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Credit Checks
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Directorship verification
We can also provide verification software solutions for high volume identity checking requirements.
Verification Partner:
