AML/CFT: A Critical Update
Receive crucial updates and key insights into expected reforms, the current state of play and the top issues you need to know on AML/CFT. Examine the implications of the FATF report, DIA compliance activity, insights regarding the new regulators and the anticipated further changes. You will also take a deep dive into compliance and enforcement issues, potential mistakes and how you can fix them together with tips on how to successfully handle a DIA review. WEB219NZA07
Description
Attend and earn 1 CPD hour
AML-CFT: Current Issues and Insights
- Current hot topics for law firms
- Implications for law firms from the FATF report
- Observations about recent DIA compliance activity
- Highlights and need-to-know aspects of the new regulations
- Common AML/CFT programme mistakes, with easy fixes
- Managing risk, including PEPs, PTRs and SARs
- How to handle a DIA review
Presented by Neil Russ, Director, Russ + Associates; Convenor Tax Law Committee New Zealand Law Society
Learning Objectives:
- Receive a timely update AML/CFT and practical tips for compliance and handling risk
Presenters
Neil Russ
Neil founded Russ + Associates as a specialist law firm in 2019, providing tax and AML/CFT advice and independent AML/CFT audits. Neil has over 30 years’ experience in England and New Zealand, including 25 years as a tax partner in a national law firm. Russ + Associates regularly works with other law firms and accounting practices to provide their tax and AML/CFT needs, including tax investigations, binding and non-binding ruling applications, tax risk reviews and AML/CFT ministerial exemptions and audits. Neil specialises in corporate and international income tax issues, as well as transactional advice. Neil also has extensive experience in relation to GST matters. In addition to his tax expertise Neil has a multi-jurisdictional background in banking, capital markets and derivatives transactions. Neil is Convenor of the NZ Law Society Tax Law Committee, and a member of the AML/CFT Industry Advisory Group. He is frequently dealing with Inland Revenue and Treasury officials on proposed tax law changes, and with DIA and Ministry of Justice officials on AML/CFT matters. When not in the office, Neil enjoys outdoor sports, travel, and spending time with family.