We provide AML/CFT compliance support, audit, advisory and training services to reporting entities supervised by the Reserve Bank of New Zealand (RBNZ), the Financial Markets Authority (FMA) and the Department of Internal Affairs (DIA).
We provide our services in Southland, Otago, throughout New Zealand and overseas.
Compliance Support
Everyday compliance work and support - giving Compliance Officers the support they need.
Audit
🗸 We can undertake your statutory AML/CFT audit.
🗸 We can also undertake health checks and pre- and post-audits to help you keep on track or remediate deficiencies identified by your auditor or regulatory supervisor.
🗸 To help you prepare for a regulatory visit, we can provide mock interviews.
Key Documents
Key documents can take weeks to produce and maintain.
We can help develop, implement and maintain your Risk Assessment and AML/CFT Compliance Programme.
Advisory
Focused on the provision of quality advice, we are available to answer your queries and help you understand your AML/CFT obligations here in New Zealand. If you want any help interpreting the requirements of the AML/CFT Act or responding to your AML/CFT supervisor (be it reporting or in relation to enforcement action), please give us a call.
Training
4S AML is passionate about its training. We can provide initial and on-going bespoke training to engage your staff and suit your requirements.
Compliance Support
Everyday compliance work and support - giving Compliance Officers the support they need.
Our services include
🗸 answering your compliance questions;
🗸 advising on minimum CDD requirements for your customer;
🗸 compliance monitoring support;
🗸 help with establishment and maintenance of compliance registers;
🗸 compliance governance;
🗸 helping you recruit compliance staff;
🗸 on-going Compliance Officer support.
Audit
🗸 We can undertake your statutory AML/CFT audit.
🗸 We can also undertake health checks and pre- and post-audits to help you keep on track or remediate deficiencies identified by your auditor or regulatory supervisor.
🗸 To help you prepare for a regulatory visit, we can provide mock interviews.
Statutory audit
You can choose a reasonable assurance audit or a limited assurance audit. The key difference is that the reasonable assurance audit will involve a more in-depth review and a review of a larger number of files in order to give you reasonable assurance of the level of compliance of your firm and the effectiveness of your programme. The statutory audit is a formal and independent audit. It is important to note that the firm undertaking your audit must not have developed, implemented or maintained your Risk Assessment or Compliance Programme.
Pre-audit review
Pre-audits include document reviews and can also include compliance testing and effectiveness reviews.
Post-audit assistance
Post-audit remediation work can be undertaken to help you close off your audit points and achieve compliance with your obligations.
On-going compliance monitoring
We can help you with your on-going compliance monitoring and assurance to help you manage risk, demonstrate compliance with the AML/CFT Act and be better prepared for your next audit.
Key Documents
Key documents can take weeks to produce and maintain.
We can help develop, implement and maintain your Risk Assessment and AML/CFT Compliance Programme.
Careful consideration needs to be given to your specific business risks. Policies, procedures and controls need to be developed based on these risks and must be tailored to your business and must address the minimum requirements of the AML/CFT Act.
Demonstrating technical compliance is not enough. Once your compliance framework is in place, you need to demonstrate that it works effectively on an on-going basis. We can help you establish a Compliance Monitoring Programme and Compliance Registers to help you achieve and demonstrate effectiveness of your AML/CFT Programme.
Advisory
Focused on the provision of quality advice, we are available to answer your queries and help you understand your AML/CFT obligations here in New Zealand.
If you want any help interpreting the requirements of the AML/CFT Act or responding to your AML/CFT supervisor (be it reporting or in relation to enforcement action), please give us a call.
Please contact us with your requirements and we shall submit a proposal for services.
We can be available to answer your questions on an arising basis.
We offer bundles which package together the provision of advice and training. This means:
you have someone to call to help you with your compliance questions;
you are able to demonstrate AML/CFT training and CPD requirements are met;
you have technical cover should your Compliance Officer and Deputy Compliance Officer be unavailable.
Training
4S AML is passionate about its training. We can provide initial and on-going bespoke training to engage your staff and suit your requirements.
We like to engage with our audience and inspire you to learn. We work through examples, case studies and common failings or queries. We can provide training and pitch it to all levels of the organisation, be it to all your staff, to your compliance team, to new starters or to Senior Management.
Current training topics include but are not limited to:
Introduction to AML/CFT – the fundamentals
AML/CFT refresher training
Risk Assessment (RA) – developing and implementing your risk assessment
AML/CFT Compliance Programme (CP) – developing and implementing your programme
Introducing your RA and CP – understanding your AML/CFT documents
Compliance Officer essentials - getting the basics right
Client risk assessment – risk factors and considerations
AML/CFT Red Flags – ignore the red flag indicators at your peril
Filing a SAR & “tipping-off” – protect yourself, protect your business
AML/CFT case studies
CDD – Individuals, companies, trusts and other entities
CDD – Understanding beneficial ownership – simple and complex structures
EDD – Enhanced due diligence
Compliance registers
Compliance mapping - demonstrating technical compliance and effectiveness
CMP – Compliance Monitoring Programme
PTRs – prescribed transaction reporting
Contact us to discuss your AML compliance and risk management needs, or enquire about the services and solutions we can offer.
Bruce Horwood
4S Consulting Limited
Director
bruce@4Saml.nz
021 227 6222
Hub 1, 42 Don Street,
Invercargill 9810
New Zealand
Registered office: 52 Swan Road, Riverton 9883
WHAT OUR CLIENTS ARE SAYING
We engaged Bruce Horwood from 4S Consulting Limited to complete our first audit under the new AML/CFT regime for accountants. Bruce has a real passion for the legislation and was able to offer great insight and recommendations to ensure our AML/CFT compliance programme was strengthened and fully compliant moving forward. We would recommend Bruce to anyone needing help of any kind with the AML/CFT legislation, he was great to work with and knows the legislation extremely well.”
Brendon Harrex - Director, Harrex Group
