Login
Login

Your trusted CPD partner

18AMLTDDW

AML/CFT Act Tool Kit Series Webinar 2 - Due Diligence

NZ $25.00
incl GST
Henry Brandts-Giesen Neil Russ
Henry Brandts-Giesen
Partner, Kensington Swan
Auckland
Neil Russ
Partner, Buddle Findlay
Auckland

Authors: Henry Brandts-Giesen, Neil Russ
Published: 9 April 2018
Pages: 15

Introduction

Money laundering is the process by which criminals attempt to conceal the true origin of the proceeds of their criminal activities. This is typically achieved by placing the proceeds of crime into the financial system, creating complex layers of financial transactions to disguise the provenance of the funds, and then integrating the laundered funds into the legitimate economy. Anti-money laundering (AML) and countering the financing of terrorism (CFT) laws and regulations are aimed at detecting and preventing this type of activity.

This paper is intended to assist law firms and sole practitioners with their obligations to assist in the detection and prevention of money laundering and terrorist financing. This paper is part of a series. It builds on, and is part of the NZLS series of AML/CFT Tool Kit webinar papers starting in September 2017 and continuing in February 2018. Lawyers have hitherto largely avoided extensive due diligence and disclosure obligations in relation to their clients. They have been separately regulated, and have been seen in legal terms as judicial officers, owing primarily a duty to the New Zealand courts. However, over recent years the governments of developed countries have increased their efforts to combat tax evasion and organised crime by introducing new and increasingly onerous and complex compliance regimes and extending them beyond financial institutions to lawyers and other professionals.

Content outline

  • Customer Due Diligence
  • Background to Global AML and CFT Initiatives
  • AML in a New Zealand Context
  • AML/CFT Act
  • Standard CDD
  • Simplified CDD
  • Enhanced CDD
  • Lawyers' Obligations Under Phase 2
View contents page

You might also be interested in ...

Registrant Details

Use this window to add all the registrants you wish to register on behalf of. If you want to attend the course also, ensure you add yourself as one of the registrants. Make sure you press ‘save’ after adding each new registrant.

Proceed to Checkout

AML/CFT Act Tool Kit Series Webinar 1 - Compliance Programmes

Publication Date: 07-Mar-2018

Authors: Henry Brandts-Giesen, Neil Russ

NZ $80.00
incl GST

Multiple Registration

AML/CFT - Phase 2

Publication Date: 08-Sep-2017

Authors: Henry Brandts-Giesen, Neil Russ

NZ $48.00
incl GST

Multiple Registration
 
CONTACT
INQUIRIES
freephone (within NZ)
0800 333 111

EMAIL 
cle@lawyerseducation.co.nz

PHONE
04 472 7837

FAX
04 463 2986
 
ADDRESS
NZLS CLE Ltd
Law Society Building
26 Waring Taylor Street
Wellington 6011

DX SP 20202
PO Box 5041
Wellington 6140
New Zealand