Alongside the 1 June AML/CFT changes, the Department of Internal Affairs (DIA) and the Financial Markets Authority (FMA) have both released updated guidance notes on customer risk ratings. These documents provide detailed advice and expectations from the supervisors and are essential reading for all reporting entities.
While our Strategi risk rating tool kit is designed to help you comply with the new customer risk rating requirements efficiently and correctly, it’s important to stay current with what the supervisors are saying. Their guidance clarifies how to apply the rules in practice and helps ensure your approach aligns with regulatory expectations.
The DIA and FMA guidance notes cover essentially the same content and can be accessed here:
- Department of Internal Affairs: Customer risk rating guidance.
- Financial Markets Authority: Customer risk rating guideline.
We recommend reviewing these documents alongside using the tool kit to maintain full compliance and keep your processes up to date with any future supervisory updates.
If you have any questions or want to talk through how the tool kit can help your business, please don’t hesitate to give us a call. We’re here to help.