Day 1 of AML compliance for advisers

David Maida | financialalert | 01 July 2013


Advisers have just leapt another compliance hurdle. From today, advisers must comply with the Anti-Money Laundering and Countering Financing of Terrorism Act of 2009 which took effect yesterday, Sunday 30 June. financialalert spoke to the regulators and advisers to clarify who must comply, and what that really entails.

Financial Markets Authority (FMA) has been talking about the new measures over the past few years and has already visited over 100 reporting entities to ...

Not yet a Member? It’s quick and free to join. Already a member? Please log in.