The Privacy laws are changing soon and affect all businesses and organisations that hold personal information
November 16, 2020
The new Privacy Act 2020 commences on 1 December 2020.
The key changes to the new Privacy Act 2020 are: Notifiable privacy breaches – if you have a privacy breach that has caused serious harm to someone (or is likely to do so) it must be notified to the Privacy Commissioner ASAP via NotifyUs. You should also notify affec...
Audit Relief during COVID-19
April 29, 2020
Audit timing - updated 24 April
The DIA has announced that Phase 2 reporting entities who not able to complete their first audit due to being affected by COVID-19, will not have adverse compliance action taken against them. RE's should be able to explain how COVID-19 affected their ability to co...
AML/CFT Audits for Lawyers
April 17, 2020
From 1 July 2018, most lawyers are captured under the AML/CFT Act and therefore have several AML/CFT requirements. These requirements include: Appointing a compliance officer;Conducting a Risk Assessment;Developing an AML/CFT Programme based on the Risk Assessmen...
AML/CFT Verification during COVID-19
April 2, 2020
Guidance on impact of COVID-19 Alert Levels on AML/CFT verification
On 26 March 2020, AML/CFT Supervisors (FMA, RBNZ and DIA) published a Guidance on complying with AML/CFT verification requirements during COVID-19 Alert Levels At COVID-19 Level 4, only those reporting entities providing essential services are able to continue to opera...