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AML Compliance for Bookkeepers

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About Course

This micro-credential course is designed to help Bookkeepers in New Zealand understand their obligations under AML/CFT legislation – and confidently meet them.
Developed in partnership with industry experts 2Shakes, this course explains the essentials in plain English, with practical examples and tools to help you apply the rules to your own practice.

Whether you’re just starting out or looking for a solid refresher, this course will help you avoid accidental non-compliance and ensure your business is protected.

What Will You Learn?

  • What AML/CFT means and how it applies to Bookkeepers
  • How to identify whether the services you offer are “captured” activities
  • What steps to take if you are a Reporting Entity
  • How to build a compliant AML Programme
  • How to carry out Customer Due Diligence (CDD) — including simplified, standard and enhanced levels
  • What to check for when onboarding clients
  • How to report suspicious activity and meet ongoing compliance obligations
  • What logs, records and reviews are required — and how to prepare for audits
  • Where to access expert guidance and tools from 2Shakes

Course Content

AML Basics and will it impact you?

  • Intro video
    01:38
  • What is AML / CFT
  • How does AML/CFT relate to Bookkeepers?
    10:45
  • Will AML/CFT impact me as a bookkeeper?
  • Tax Transfer Exemptions
  • Confirm your status with DIA
  • Knowledge test
  • Reference material

Getting set up to comply with AML/CFT
After reading Module 1 you should have identified if and how AML/CFT applies to you. If you are an AML/CFT Reporting Entity then this module explains what you need to do to get set up to comply. Developing and implementing an AML compliance programme is more than a legal obligation—it safeguards your business against the risks of money laundering and terrorism financing. By adhering to these regulations, you protect your reputation, maintain the integrity of your operations, and contribute to the global effort to combat financial crime.

AML/CFT Customer Due Diligence
In Module 2 we looked at getting set up as an AML Reporting Entity, ready to carry out your compliance tasks. A key component of your compliance work is carrying out Customer Due Diligence (CDD). In this Module we’ll take a closer look at CDD, how to do it, and the different options you have. We will discuss the tools to help you perform these checks and storing the information you collect. We also cover what factors are more commonly found in money laundering and are flags or indicators that may require more due diligence, or reporting suspicions to the government.

AML/CFT Records, Reporting, Reviewing & Auditing
In the last module we look at how to perform CDD checks on clients, including Ongoing CDD. In this module we look at other AML requirements: Record Keeping, Reporting, Registers/Logs, Reviewing and Auditing.

Extras

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