AML/CFT Audit

The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act) require all reporting entities to have a Risk Assessment and AML/CFT Programme independently audited every two years.

Nexia New Zealand provides both independent audits and pre-audit reviews to reporting entities captured under the AML/CFT Act legislation. Our reviews will look at your risk assessment and compliance programme from a different perspective to your management team and those charged with administering the risk assessment and AML/CFT programme.

AML/CFT Audit – Area of Focus

Our focus areas for AML/CFT Audits will differ between reporting entities based on the type of services provided, but you should expect some focus on the following areas:

Governance and management
Vetting and training of staff
Customer due diligence
Record keeping and documentation
Suspicious, complex and unusual transactions

Benefits of a Nexia New Zealand AML/CFT Audit

Access to extensive local and international AML/CFT experience across all aspects of compliance and programme management.
We provide robust and proven AML/CFT Audit methodologies
Receive an in-depth programme review, and an understanding of AML/CFT compliance and non-compliance requirements
To gain confidence in your AML/CFT programme
Receive expert insights and recommendations to ensure you prioritise the risk areas of your business.
To ensure that you are not overcomplicating the AML/CFT process for your customers

CLICK HERE for your AML/CFT pre-planning checklist

Audit

What our clients are saying

Two of New Zealand’s leading football administrators are at the helm of this success story, Bill Cowen and Craig Rhodes. Walker Industries is an inspiring tale.

Bill and Josie Cowen bought their first business in March 2010, in tumultuous earthquake laden times. With their new business premises destroyed and amidst the complexities of trading in a post earthquake city, Nexia NZ were there to provide support and to help these business owners navigate their way through the murky waters this event generated.

“Working closely with Nexia NZ has enabled us to gain a better understanding of our business and the functions that make the ‘boat go faster’. Their advice has been both personalised and professional and clearly articulated. Craig has provided tremendous support for our business.”

Today they have a thriving commercial entity with solid foundations and a bright future ahead of them as one of Christchurch’s promising manufacturing businesses.

Bill & Josie Cowen (Owners)
Walker Industries Limited

What our clients are saying

Lindsay and Marie-Louise Winchester have been clients of Nexia NZ for over 10 years.

Their initial approach was to seek the advice and expertise of Mike Medlicott, Director, whose in-depth knowledge of the farming sector proved to be invaluable.

Mike assisted the Winchesters with the strategic development of their farm until early 2014 and further when the Winchesters moved onto another business, Copyland Digital Print.

Since that change of direction Nexia NZ have continued to provide financial guidance and accounting expertise, evidence of their versatility in assisting clients in a range of businesses. Services are provided on a personal basis, such as their complimentary client review to improve business direction and long term profitability.

Lindsay & Marie-Louise Winchester (Owners)
Copyland Digital Print

What our clients are saying

Casey Thompson & Robin Curtis embarked on a 10-year journey to clean up the building industry and develop a solution that wasn’t only better for the environment, but also better for your health. The team at Health-Based Building have achieved this by developing a range of sustainable materials. These include high-performance breathable wall systems, solvent-free paint, natural wool insulation, low impact-treated framing, and exterior claddings, all of which are 100% recyclable and nasty chemical free.

Throughout this journey, the Health-Based Building team has had the support of their trusted Accountants and Business Advisors, Nexia New Zealand. “They’ve been embedded in our business from the beginning, they have a deep understanding of our systems and have the horsepower required. They give us confidence we’re ticking the boxes from a compliance perspective, but where they add value is their advisory & business planning expertise” says Robin.

The future is very positive for the Health-Based Building team, government agencies are taking note of what they are doing, and key players in the industry recognise that Health-Based Building is years ahead of the competition. “It’s exciting times; we’re working hard to educate the builders and architects. We're also looking to ramp up our operation and will be looking at our options around capital raising in 2019.” says Casey “So having a trusted partner like Nexia will become even more important for us over the next 5-10 years”.

Casey Thompson & Robin Curtis (Owners)
Health Based Building

What our clients are saying

“It’s a great comfort knowing we have Nexia in our corner, knowing someone completely understands what is coming in and what is going out from a finance perspective is vital,” says Charmaine. “But Jane also understands what is at the core of our business – our people - which is perfect for when the big decisions and investments happen; I trust her, and we have complete confidence in her ability and integrity”.

Charmaine Diver - General Manager
Rannerdale Veterans Care