MR No.2016 – 37
08 December 2016
The FMA has today published its third annual AML/CFT monitoring report.
Reporting entities (REs) are required to file annual reports by 31 August each period, for the year ending 30 June. Data collected from these reports helps to inform the FMA’s risk-based approach to monitoring the market and understand what business activities the REs carried out.
The 2016 report shows some progress in REs meeting their anti-money laundering and countering of financing of terrorism obligations. The report highlights concerns the FMA has around the continued low level of filing of suspicious transaction reports and how this will be addressed in 2017.
A full copy of the report is now available here.
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