PDF《Anti-Money Laundering》

Ref #6934801 v1.

1 Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Sector Risk Assessment for Registered Banks, Non-Bank Deposit Takers and Life Insurers April

2017 2 Ref #6934801 v1.1 Important information: This Sector Risk Assessment is intended to provide general and illustrative information to 1. assist reporting entities in the sector supervised by the Reserve Bank to prepare and review their individual assessments of the risk of money laundering and the financing of terrorism under sections

58 and

59 of the Act, and 2. inform and assist others involved in AML policy making and supervision in New Zealand and elsewhere. The Sector Risk Assessment is not intended to cover all money laundering and terrorist financing risks that may be specific to the circumstances of individual reporting entities. Quantitative data provided in Part

3 of the Sector Risk Assessment is sourced from Annual AML/CFT Reports provided to the Reserve Bank by the reporting entities it supervises under section

60 of the Act. The assessments and information in the Sector Risk Assessment relate solely to risks relating to money laundering and terrorism financing and do not reflect on the soundness of the sector, sub-sectors, or individual reporting entities.

3 3 | P a g e Content: Part

1 Executive Summary

4 Part2 Introduction

7 Part

3 RBNZ'

s AML/CFT sector

10 Part

4 Methodology

11 Part

5 Predicate Offending and STRs

11 Part

6 Key Vulnerabilities

14 Part

7 Sector Risks - Banking

16 Part8 Sector Risks - NBDTs

19 Part9 Sector Risk C Life Insurers

22 Part

10 Terrorism Financing

25 Appendix

1 Typology Summary

30 Appendix

2 ML/TF Vulnerabilities

32 Appendix

3 Trusts and Shell Companies

33 Appendix

4 International Payments

34 Appendix

5 Cash

35 Appendix

6 Trade-Based Money Laundering

36 Appendix

7 New Payment Technologies

37 Appendix

8 Cards

38 Appendix

9 Anonymity

39 Appendix

10 High Risk Customers

40 Appendix

11 High Risk Jurisdictions

41 Appendix

12 Money Service Businesses

42 Appendix

13 Lack of Awareness

43 Appendix

14 General dual use items and proliferation

44 Appendix

15 Glossary

45 Methodology

47 Source Documents

55 4

4 | P a g e Part 1: Executive summary Scope 1. This is the second edition of the Sector Risk Assessment (SRA) undertaken by the Reserve Bank of New Zealand (RBNZ) for anti-money laundering and countering financing of terrorism (AML/CFT) purposes. The RBNZ supervises registered banks, non-bank deposit takers (NBDTs) and life insurers for the purposes of the Anti- Money Laundering and Countering the Financing of Terrorism Act

2009 (the Act). The Department of Internal Affairs (DIA) and the Financial Markets Authority (FMA) periodically publish similar risk assessments for the sectors they supervise. 2. The SRA

2017 will assist the RBNZ AML/CFT supervisors in understanding the risks of money laundering (ML) and terrorism financing (TF) in the RBNZ sector. It will, in conjunction with other guidance documents produced by the AML/CFT supervisors, provide guidance to reporting entities on areas of ML and TF risks in their businesses. Limitations 3. For consistency when comparing sub-sectors RBNZ did not take into account the adequacy or effectiveness of any ML/TF controls. The SRA

2017 is an assessment of potential inherent risk across each sub-sector and the sector as a whole. The SRA

2017 does not assess residual risk (the risk present after applying AML/CFT controls). 4. Each reporting entity is expected to determine the levels of ML/TF inherent risk in the context of its course of business. Once it has determined its inherent risk it can then apply its AML/CFT controls and determine its residual ML/TF risk. 5. The SRA