Lessons for New Zealand's Reporting Entities from FATF Mutual Evaluation Australia.
On 21 April 2015, the Financial Action Task Force (FATF) published the Mutual Evaluation Report on Australia. With New Zealand scheduled to be assessed by the FATF in 2018-19, the FATF’s evaluation of Australia is a valuable opportunity for policy makers and reporting entities to learn lessons from the Australian experience.
In this article, we also set out lessons that New Zealand reporting entities can take from the FATF’s findings which include:
© 2020 KPMG, a New Zealand partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (KPMG International), a Swiss entity. All rights reserved.
The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.