Anti – Money Laundering And Countering Financing of Terrorism Act

On the 1st Jan 2019 the Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT) for Real Estate agents comes into force.  This is a critical piece of legislation that brings with it severe penalties of up to $5 million in fines and jail time. It is imperative that you meet your requirements by the due date to avoid prosecution. 

Therefore, it is critically important to ensure your team has undergone a base-level of training in understanding their obligations and requirements. As part of our ongoing support for real estate offices in NZ, we have partnered with Strategi Group, who are recognised as compliance leaders in this space. Working alongside Strategi, we have Cat Levine to provide your office with 3 key options. 

  1. In-office Team Session: Understanding your compliance requirements as an individual agent. This session is to make you aware of the risks of money laundering faced by your agency and how the salespeople should respond when confronted with such risks.
  2. Supply of a company manual, templates and checklists in order for you to create compliance with legislation. 
  3. In-house risk assessment, where we work with you to create a risk management program and support the implementation across the business. 

To find out more and then book your team session, give us a call on 0800 800 303 or email admin@inkca.co.nz

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