Financial Crime World

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Financial Institutions in New Zealand Required to Complete Compliance Training

In an effort to ensure that financial institutions in New Zealand are fully compliant with anti-money laundering (AML) and counter-terrorism financing (CFT) regulations, a new training program has been launched.

About the Course

The course, developed by Massey University and Maxima, aims to equip senior managers and staff members of reporting entities under the AML/CFT Act Phase 1 and 2 with the knowledge and skills necessary to comply effectively with the Act.

Course Details

  • The six-month online micro-credit course requires a time commitment of 50 hours.
  • The course costs $2,500 plus GST.
  • It can be started at any time and provides students with a comprehensive understanding of their obligations under the AML/CFT Act.

Who is Eligible for the Course?

The course has been designed for financial institutions, including:

  • Banks
  • Insurance companies
  • Other organizations that are required to comply with the Act

Additionally, it will benefit:

  • Owner-operated financial advisers
  • Law firms
  • Real estate agents
  • Accountants
  • Anyone interested in pursuing a career in AML/CFT compliance in New Zealand

Benefits of Completing the Course

Upon completion of the course, students will receive a Massey University | Maxima AML/CFT Micro-credit Certificate, which can be used to meet professional body CPD requirements. The certificate demonstrates a skillset developed by a leading tertiary institution and is highly valued by current and future employers.

Expertise Behind the Course

Maxima’s partner Compliance Plus brings expertise and experience in AML/CFT compliance and technical financial CPD research and data-rich knowledge to the course, making it a valuable learning opportunity for those seeking to improve their understanding of the Act.