https://aml.gmfinance.co.nz/posts/Recent content in Posts on Golden Mountain AML Traning BlogHugo -- 0.138.0en-usMon, 25 May 2026 13:21:08 +0800https://aml.gmfinance.co.nz/posts/2026-q1-dia-nzforex-formal-warning/Mon, 23 Feb 2026 00:00:00 +0000https://aml.gmfinance.co.nz/posts/2026-q1-dia-nzforex-formal-warning/Analysis of the Department of Internal Affairs' formal warning to NZForex Limited for failing to report 3,182 non-NZD prescribed transactions to the Financial Intelligence Unit between November 2017 and February 2024 — and the role of voluntary self-disclosure in the regulatory response.https://aml.gmfinance.co.nz/posts/2025-q3-onboarding-customer-complex-structure/Sun, 09 Nov 2025 00:00:00 +0000https://aml.gmfinance.co.nz/posts/2025-q3-onboarding-customer-complex-structure/Comprehensive guidance on identifying and verifying beneficial ownership through complex corporate structures, trusts, and nominee arrangements under AML/CFT obligations.https://aml.gmfinance.co.nz/posts/2025-q1-customer-risk-rating-guideline/Mon, 28 Jul 2025 00:00:00 +0000https://aml.gmfinance.co.nz/posts/2025-q1-customer-risk-rating-guideline/Comprehensive guidance on assessing and rating customer risk under New Zealand's AML/CFT framework using a risk-based approachhttps://aml.gmfinance.co.nz/posts/2024-q4-ecdd-best-practice/Wed, 23 Apr 2025 00:00:00 +0000https://aml.gmfinance.co.nz/posts/2024-q4-ecdd-best-practice/Comprehensive guidelines on implementing Enhanced Customer Due Diligence (ECDD) procedures, including risk identification, verification standards, and system effectiveness monitoring based on FIU Annual Conference and DIA onsite inspection insights.https://aml.gmfinance.co.nz/posts/2025-q1-jiaxin-finance-investigation/Sun, 19 Jan 2025 00:00:00 +0000https://aml.gmfinance.co.nz/posts/2025-q1-jiaxin-finance-investigation/Comprehensive analysis of the Jiaxin Finance AML investigation by the Department of Internal Affairs, examining compliance failures, enforcement outcomes, and lessons for money remitters under the AML/CFT Acthttps://aml.gmfinance.co.nz/posts/crypto_stm_nzcn_2025/Wed, 01 Jan 2025 00:00:00 +0000https://aml.gmfinance.co.nz/posts/crypto_stm_nzcn_2025/Training guide for identifying and monitoring suspicious cryptocurrency transactions under NZ and Chinese regulationshttps://aml.gmfinance.co.nz/posts/aml_skycity_20240926/Wed, 16 Oct 2024 00:00:00 +0000https://aml.gmfinance.co.nz/posts/aml_skycity_20240926/Analysis of major AML/CFT compliance breaches at SkyCity Casino leading to significant penaltieshttps://aml.gmfinance.co.nz/posts/2024-q4-aml-quiz/Tue, 01 Oct 2024 00:00:00 +0000https://aml.gmfinance.co.nz/posts/2024-q4-aml-quiz/Interactive assessment covering AML fundamentals, money laundering stages, regulatory requirements, and compliance obligations for Q4 2024.https://aml.gmfinance.co.nz/posts/2024-q3-aml-regulatory-inspection-focus-update/Mon, 30 Sep 2024 00:00:00 +0000https://aml.gmfinance.co.nz/posts/2024-q3-aml-regulatory-inspection-focus-update/Insights and guidance from recent AML regulatory onsite inspections focusing on Chinese money remitters, covering alignment between business practices and AML programmes, common misunderstandings, record keeping requirements, and holistic ECDD approaches.https://aml.gmfinance.co.nz/posts/2024-q3-aml-cft-cdd-guidelines-2024-update/Sun, 14 Jul 2024 00:00:00 +0000https://aml.gmfinance.co.nz/posts/2024-q3-aml-cft-cdd-guidelines-2024-update/Walkthrough of the joint DIA/FMA/RBNZ Customer Due Diligence guideline refresh published 10 May 2024 — Beneficial Ownership, Companies, Trusts, Limited Partnerships, and Enhanced CDD — ahead of the 1 June 2024 regulation changes.https://aml.gmfinance.co.nz/posts/2024-q2-responsibilities-under-money-laundering-supervision/Sun, 30 Jun 2024 00:00:00 +0000https://aml.gmfinance.co.nz/posts/2024-q2-responsibilities-under-money-laundering-supervision/Essential AML/CFT responsibilities for reporting entities covering CDD requirements, record keeping, transaction monitoring, and SAR reporting obligationshttps://aml.gmfinance.co.nz/posts/2024-q2-ye-hua-record-sentence/Sun, 14 Apr 2024 00:00:00 +0000https://aml.gmfinance.co.nz/posts/2024-q2-ye-hua-record-sentence/Sentencing analysis of Ye 'Cathay' Hua — 7 years 6 months for laundering at least NZ$18M for the Xavier Valent methamphetamine syndicate through Lidong Foreign Exchange. The largest money laundering conviction by value in New Zealand history.https://aml.gmfinance.co.nz/posts/2024-q1-first-aml-criminal-case/Sun, 14 Jan 2024 00:00:00 +0000https://aml.gmfinance.co.nz/posts/2024-q1-first-aml-criminal-case/Comprehensive analysis of New Zealand's first AML/CFT Act criminal prosecution, examining corporate and personal liability, derivative responsibility, and critical compliance failures.https://aml.gmfinance.co.nz/posts/currency_exchange_ml_case_20231117_training/Fri, 17 Nov 2023 00:00:00 +0000https://aml.gmfinance.co.nz/posts/currency_exchange_ml_case_20231117_training/Analysis of New Zealand's largest money laundering prosecution, involving $18M+ laundered through a currency exchangehttps://aml.gmfinance.co.nz/posts/2023-q4-dia-hills-real-estate-formal-warning/Sun, 15 Oct 2023 00:00:00 +0000https://aml.gmfinance.co.nz/posts/2023-q4-dia-hills-real-estate-formal-warning/Analysis of the Department of Internal Affairs' formal warning to Hills Real Estate Limited under section 80 of the AML/CFT Act for systemic programme, CDD, monitoring and record-keeping failures.https://aml.gmfinance.co.nz/posts/2023-q1-kyc-issues-and-challenges-case-study/Sun, 16 Jul 2023 00:00:00 +0000https://aml.gmfinance.co.nz/posts/2023-q1-kyc-issues-and-challenges-case-study/A comprehensive case study examining Barclays Bank's £72 million AML fine for failing to conduct proper Enhanced Due Diligence on PEPs in private banking transactions.https://aml.gmfinance.co.nz/posts/2023-q3-the-billion-dollar-scam/Sat, 01 Jul 2023 00:00:00 +0000https://aml.gmfinance.co.nz/posts/2023-q3-the-billion-dollar-scam/A comprehensive case study analyzing the BBC Eye investigation into a billion-dollar investment scam network that exploited Premier League sponsorship to defraud unsuspecting investors worldwide.https://aml.gmfinance.co.nz/posts/2023-q2-customer-onboarding-scenarios/Fri, 30 Jun 2023 00:00:00 +0000https://aml.gmfinance.co.nz/posts/2023-q2-customer-onboarding-scenarios/Interactive scenario-based training on customer due diligence and onboarding procedures for corporate and individual clientshttps://aml.gmfinance.co.nz/posts/2023-q2-dia-aml-cft-videos-keeping-nz-in-business/Sun, 16 Apr 2023 00:00:00 +0000https://aml.gmfinance.co.nz/posts/2023-q2-dia-aml-cft-videos-keeping-nz-in-business/Review of the Department of Internal Affairs' AML/CFT educational video series, covering key compliance obligations and practical guidance for reporting entities under the AML/CFT Acthttps://aml.gmfinance.co.nz/posts/2023-q1-fiu-acams-conference-2022-case-study/Mon, 09 Jan 2023 00:00:00 +0000https://aml.gmfinance.co.nz/posts/2023-q1-fiu-acams-conference-2022-case-study/Comprehensive review of key case studies and insights from the NZ Financial Intelligence Unit and ACAMS Conference 2022, focusing on AML/CFT compliance lessons for money remittershttps://aml.gmfinance.co.nz/posts/case_study/Thu, 18 Aug 2022 00:00:00 +0000https://aml.gmfinance.co.nz/posts/case_study/Comprehensive AML training using real-world case studyhttps://aml.gmfinance.co.nz/posts/2022-q2-investigation-houston-ing-case-study/Thu, 30 Jun 2022 00:00:00 +0000https://aml.gmfinance.co.nz/posts/2022-q2-investigation-houston-ing-case-study/A comprehensive case study examining ING Bank's systematic failures in AML/CTF compliance from 2010-2016, resulting in a €775 million settlement with Dutch authorities.https://aml.gmfinance.co.nz/posts/2022-q1-know-your-customers/Sat, 01 Jan 2022 00:00:00 +0000https://aml.gmfinance.co.nz/posts/2022-q1-know-your-customers/Comprehensive training on the 6-step KYC process including identification, CDD, ECDD, ongoing monitoring, transaction monitoring, and account reviewhttps://aml.gmfinance.co.nz/posts/2021-q4-aml-cft-act-vs-privacy-act/Sun, 26 Dec 2021 00:00:00 +0000https://aml.gmfinance.co.nz/posts/2021-q4-aml-cft-act-vs-privacy-act/Understanding how AML/CFT requirements interact with Privacy Act obligations and how to navigate competing legal frameworks in compliance operationshttps://aml.gmfinance.co.nz/posts/tsb-2024/Sun, 21 Nov 2021 00:00:00 +0000https://aml.gmfinance.co.nz/posts/tsb-2024/Comprehensive AML training using real-world case study