- AML Online is a new secure technology platform that accountants, tax agents and bookkeepers will use to engage with DIA
- Reporting Entities will use AML Online to submit their first annual report by 31 August
- The annual report is a key part of reporting entities requirements under the AML/CFT Act
The Department of Internal Affairs (DIA) in New Zealand will soon be launching AML Online, a new secure technology platform that accountants, tax agents and bookkeepers will use to engage with DIA as their Anti-Money Laundering and Countering Financing of Terrorism supervisor. AML Online is designed to make it easier for reporting entities to engage with the DIA and comply with the AML/CFT Act.
In AML Online, users will be able to manage their business details, delegate access to others, submit documents securely, and send queries to the DIA.
The system was developed with reporting entities in mind and some were involved in user testing to make sure it was fit for purpose. Feedback from testing was positive, and hopefully those who use AML Online will find it helpful and easy to use.
When AML Online is live, from 1 July, the DIA will send an email inviting you to register. There will also be a link on their website:
It’s important that you register with the DIA and activate your AML Online account because it’s where you will submit your first annual report. Your annual report is due 31 August 2019 and will cover the period 1 October 2018 – 30 June 2019.
There will be information about how to submit your annual report on the DIA website soon, which will include a video that takes you through step by step. The user guidance document is available now:
The annual report is a key part of your requirements under the AML/CFT Act. It’s an opportunity for you to review the status of your risk assessment and AML/CFT compliance programme. It also helps the DIA get to know your business better.
It’s vital that businesses take their obligations under the AML/CFT Act seriously, so it’s hard for criminals to launder their money in New Zealand. Keeping money clean is vital to protecting New Zealand’s reputation as a good place to do business.
It can be very disruptive and harmful to a business that is unwittingly taken advantage of by money launderers or those involved in financing terrorism. Complying with the AML/CFT Act will help reduce the chance of that happening.Please refer to the DIA website for more information and to check back regularly for updates on guidance, information and advice.