The recent FMA warning should be a timely wake up call for reporting entities and all financial advisers. FMA issued 12 formal warnings and has indicated it will take action if reporting entities fail to meet their AML/CFT obligations.

Radar (the Strategi Institute online education portal) has a number of excellent CPD modules to help all reporting entities meet their AML/CFT training requirements. Radar also contains the latest FMA ‘Anti-money laundering and countering financing of terrorism monitoring report’. Reading this report via Radar and answering the brief assessment questions earns you valuable structured CPD hours.