Expertise

AML/CFT

Buddle Findlay's experienced AML/CFT team knows and understands New Zealand’s anti-money laundering legislation and the thinking and policy behind it.

Overview

Our experienced team knows and understands New Zealand’s anti-money laundering legislation and the thinking and policy behind it.  We combine that knowledge and understanding with a practical approach, for cost-effective, compliant solutions.  We have been involved with the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT) from the time it was first proposed, and we have consulted with the Ministry of Business, Innovation and Employment, the Ministry of Justice and the Department of Internal Affairs throughout the implementation of the legislation in relation to Phase 1 and Phase 2.

We take pride in our reputation as progressive, well respected and solution-focused legal advisers.  Our approach is to help clients achieve their business objectives, based on a clear understanding of risk, and shared decision-making.

Our team is available to assist with all aspects of AML/CFT advisory, compliance and training, including:

  • Advising on the application of the AML/CFT regime to your business
  • Advising on and assisting with Ministerial exemptions from the AML/CFT regime
  • Advising law firms, accountants and real estate agents on the implementation of Phase 2 of the AML/CFT regime
  • Appointment of an AML/CFT compliance officer (including vetting, qualification and training for the role)
  • Advising on, and establishing, an appropriate AML/CFT compliance structure, including governance options and the use of a designated business group
  • Interviewing for risk, and preparing a risk assessment and AML/CFT compliance programme
  • Peer reviewing existing AML/CFT risk assessments and compliance programmes, as well as any other completed AML/CFT arrangements
  • Providing AML/CFT training sessions and webinars
  • Advising on customer due diligence (CDD), including standard, simplified and enhanced CDD
  • Advising on the prescribed transaction reporting rules
  • Advising on the preparation and filing of suspicious activity reports, having regard to statutory, common law and litigation privilege
  • Liaising with the AML/CFT regulators.


Work highlights

Advising banks and other financial institutions

in relation to Phase 1

Advising New Zealand Law Society, law firms and accounting practices

on the implementation of Phase 2 of the AML/CFT regime

Advising non-bank entities

in relation to AML/CFT compliance and Ministerial exemptions

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Our team

Neil Russ

Neil Russ

Partner, Auckland

Neil leads Buddle Findlay's tax practice. He specialises in corporate and international income tax issues, as well as structured transa...

  • DDI +64 9 358 7002
  • M +64 21 349 668

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Mark Odlin

Mark Odlin

Partner, Christchurch

Mark specialises in corporate and commercial law and advises on a range of financial, commercial and corporate law matters, including...

  • DDI +64 3 371 3525
  • M +64 21 753 769

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Peter Owles

Peter Owles

Partner, Auckland

Peter specialises in all aspects of banking and financial services law, with over 30 years' experience....

  • DDI +64 9 358 7047
  • M +64 21 750 509

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Scott Abel

Scott Abel

Partner, Auckland

Scott specialises in insolvency and debt restructuring, corporate and secured finance, and specialist personal property security and...

  • DDI +64 9 357 9387
  • M +64 21 229 1488

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Scott Barker

Scott Barker

Partner, Wellington

Scott specialises in litigation, insolvency and credit recovery law. His practice includes banking, insurance and commercial...

  • DDI +64 4 498 7349
  • M +64 21 822 929

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Simon Jensen

Simon Jensen

Partner, Wellington

Simon specialises in financial sector regulation, payments and clearing systems, and projects and advice for financial institutions...

  • DDI +64 4 462 0459
  • M +64 274 476 412

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