AML/CFT Audits
Since 2013, Strategi has been a leading provider of AML/CFT training, advisory, and audit services across New Zealand. Our experienced and qualified audit team provides AML/CFT audits to over 1000 reporting entities in all industry sectors.
Why AML audits matter
Under the AML/CFT Act, all reporting entities must undergo an independent audit of their risk assessment and programme at least once every three years, or as requested by their AML supervisor (DIA, FMA, or Reserve Bank). These audits are not just a legal obligation – they protect your business by identifying areas of non-compliance, reducing your exposure to penalties (which can reach up to $5 million), and ensuring your AML/CFT programme is robust and effective.
Our audit process
Strategi Compliance delivers comprehensive AML/CFT audits designed to meet the strict standards of all three AML supervisors. Our audits evaluate:
- The effectiveness of your AML/CFT Risk Assessment (section 58 of the Act)
- The design and implementation of your AML/CFT Programme (section 57 of the Act)
- Your internal processes, staff training, documentation, and reporting systems
Each audit includes:
- Initial consultation to understand your business and AML/CFT framework
- Thorough documentation review and procedure testing
- Detailed audit report outlining areas of compliance, non-compliance, and clear, practical recommendations for improvement
- Debrief meeting to discuss the findings and provide practical tips for improvement where required.
We also follow international auditing standards such as ISO 17065:2012 and ISO 19011:2018, giving you confidence that our reports are of the highest quality.
What you get
- A comprehensive, independent assessment of your AML/CFT compliance
- Identification of both strengths and gaps in your current AML systems
- Tailored, actionable recommendations to improve compliance and minimise risk
- A clear, professional audit report that will withstand scrutiny from any AML supervisor
Frequently asked questions (FAQs)
Who needs an AML/CFT audit?
Any business classified as a reporting entity under the AML/CFT Act – including financial advice providers, finance companies, lawyers, accountants, and real estate agents.
How often do I need an audit?
At least every three years, or more frequently if requested by your supervisor.
Can the audit be completed remotely?
Yes. We offer both onsite and remote audits to suit your business needs.
What happens if I don’t get an audit?
Failure to complete an AML/CFT audit can result in regulatory enforcement and significant financial penalties.
AML/CFT Reviews
The AML environment is constantly evolving, and much can happen over three years. Strategi Compliance provides AML/CFT reviews that provide a quick and cost-effective way of obtaining a health check on whether your business is meeting its AML/CFT obligations. Regular reviews help reduce your overall cost of remediation that may occur if you leave your AML/CFT audit to once every three years. The AML/CFT review will check your documents, training records and processes to ensure you are still on track – enabling you to make changes to meet regulatory amendments or new guidance from AML supervisors.
To enquire about an AML/CFT review, click here.
AML/CFT Training
Staff training is one of the key requirements of the AML/CFT legislation. A reporting entity must provide adequate training to its senior managers, AML/CFT Compliance Officer, and any other employee that is engaged in AML/CFT related duties.
Strategi has a team of highly qualified and experienced AML/CFT specialists who offer a range of practical training solutions that can be tailored to meet your business needs and help your business meet its AML/CFT obligations.
For our latest courses please click here.
AML/CFT Resources
Strategi has been providing AML/CFT solutions since 2013.
- For AML/CFT related resources, please click here.
- For our AML/CFT manual that includes templates for your AML/CFT Programme and Risk Assessment, click here.
Why choose Strategi for your AML/CFT needs?
- AML/CFT specialists since the regime began in 2013
- One of New Zealand’s leading AML/CFT auditors, having completed over 1,200 audits across phase 1 and 2 entities
- Cost-effective provider of AML/CFT audits, training, templates, and advice
- National coverage and flexibility with a choice of onsite or remote audits to suit you
- Training services delivered either online via our online learning platform Radar, via Zoom or in an onsite classroom environment
- Professional standards – Systems and processes built to ISO standards, with documents subject to legal sign off where applicable
- Ongoing support with free e-zines, whitepapers and guidance notes
- Practical solutions.
For a list of some of the AML/CFT partners we work with, click here.