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AB Compliance is a registered New Zealand company. Company No. 5706869

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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 product that is at the nexus of our main service offerings; training, auditing & reporting, consulting and Customer Due Diligence (CDD).

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. Our company advantages:

  • Quick turnaround.

  • Competitive pricing and no hidden costs.

  • Local technical and legislative knowledge with our consultants certified by ACAMS.

  • Professional and bespoke service.

  • First consultation free.

  • Comprehensive service.

  • Credible verification sources using industry. benchmarked technology.

Our company abides by principles of integrity, transparency and confidentiality.

 
 
TRAINING

Our company provides one-off and ongoing training to customer support, CEOs and compliance offers 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 Compliance is proficient at conducting obligatory risk assessments, developing tailored AML programmes and conducting their annual reviews. In addition we can assist with all forms of compliance auditing and reporting. Part of the AML legislation requires all entities to:

  • Have their AML risk assessment and programme audited once every two years.

  • Submit an annual AML report to the Department of Internal Affairs once a year.

  • Report suspicious activities.

  • Update risk assessment and programme as required.

AB Compliance has developed a range of AML programmes for the benefit of reporting entities looking to keep costs down. To download, please follow this link:

 
 
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 knowledgable 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.

  • Identity Verification including passport and visa

  • Criminal History Checks

  • Adverse Media/Integrity Checks

  • Sanction List Checks

  • PEP Checks

  • Credit Checks

  • Directorship verification

We can also provide verification software solutions for high volume identity checking requirements.

 

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