Aspects of many New Zealand industry sectors are identified as being attractive to criminals wanting to launder the proceeds of crime and to finance terrorism.

 

Choose your industry sector to find out why it is covered by AML/CFT regulations in New Zealand.

Trust and Company Service Providers

Trust and Company Service Providers (TCSPs) can take different forms, but generally assist in the creation, operation and management of corporate and trust structures.

The services offered by TCSPs operate as a gateway to property and financial markets, financial institutions and other regulated professionals. These can be misused by criminals to disguise beneficial ownership, conceal the origins and purposes of financial transactions, facilitate tax evasion and, ultimately, launder the proceeds of crime, as well as, where complex structures are established, create distance between criminal entities and their illicit wealth.

The Money Laundering and Terrorist Financing (ML/TF) risks associated with the Trust and Company Service Providers industry include:

  • Obscuring ultimate ownership through complex layers and legal entity structures
  • Evading tax and exploiting known tax shelters
  • Evading regulatory controls
  • Providing a veneer of legitimacy to criminal activity by helping to conceal proceeds of crime
  • Creating distance between criminal entities and their illicit income or wealth by using complex business and corporate structures
  • Avoiding detection and confiscation of assets, and hindering law enforcement investigations

Trust and Company Service Providers captured by the AML/CFT obligations must ensure the organisation conducts a comprehensive ML/TF risk assessment to identify, assess, mitigate and manage ML/TF risk exposures. This is a critical first step in complying with AML/CFT laws.

AML/CFT compliance solutions for
your business

From self-guided to fully dedicated support, our AML/CFT compliance solutions draw on unparalleled expertise, knowledge and real-world experience. Click below to discover which of our AML/CFT compliance solutions is right for your business.
  • A streamlined, guided online solution to meeting your AML/CFT obligations.
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  • 12 month licence to New Zealand's leading online AML/CFT compliance solution
  • $4,995*
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  • A highly interactive workshop delivering fast and easy AML/CFT compliance in one day.
  • Fastest compliance solution
  • Face to face one-day workshop
  • Detailed AML/CFT training
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  • Comprehensive ML/TF risk assessment
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  • Ongoing AML/CFT compliance and support
  • Includes a 12 month licence to New Zealand's leading online AML/CFT compliance solution
  • $5,995*
  • One to one support from our experts to assist you in achieving AML/CFT compliance.
  • Most customised compliance solution
  • Dedicated one-to-one support
  • Tailored AML/CFT briefing
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  • Comprehensive ML/TF risk assessment
  • Compliant AML/CFT Programme documentation
  • Ongoing AML/CFT compliance and support
  • Includes a 12 month licence to New Zealand's online leading AML/CFT compliance solution
  • From $6,995*

*$NZD excl. GST

UNSURE OF THE BEST SOLUTION FOR YOUR BUSINESS?

Why chose Initialism?

UNPARALELLED EXPERTISE

Our expertise covers all AML/CFT disciplines and brings unique perspectives, approaches and solutions to the AML/CFT challenges faced by New Zealandn businesses

IN-DEPTH INDUSTRY KNOWLEDGE

Our AML/CFT compliance knowledge includes working with many types of New Zealandn businesses and we understand what compliance means for your business

REAL WORLD PERSPECTIVES

We have experience in delivering workable AML/CFT compliance to many industry sectors, each with their own unique challenges

OVER 30 YEARS EXPERIENCE

Our knowledge and expertise has been hard earned and comes from working in the area of AML/CFT for many decades

SOLUTIONS THAT WORK

We have experience providing tried and tested AML/CFT solutions, regardless of the size and complexity of your business

TAILORED FOR YOUR BUSINESS

Our AML/CFT compliance solutions are flexible and can be tailored to your capacity, experience and budget

WHAT OUR CLIENTS SAY

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NEED OTHER AML/CFT COMPLIANCE SERVICES?

Together with our AML/CFT compliance solutions we offer a range of additional services including AML/CFT Independent Audit and AML/CFT Training.