Anti-Money Laundering Online conference 2021

Online conference: 1pm to 4.30pm

The time is now to have your say on NZ’s AML-CFT system with the review of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009.

The consultation document has identified important law reform issues relating to institutional arrangements and stewardship, the current and future scope of the Act, supervision, regulation and enforcement, preventative measures, and other issues such as data sharing and privacy implications.

Join us at this online conference on 29 November 2021 to hear market-leading experts discuss and unpack the statutory review issues in detail. This is a great opportunity to refine any submissions before public consultation closes on 3 December 2021.

Programme highlights

• Statutory review - purpose and current challenges/opportunities - including from Regulators' perspective
• Financial entity (Phase 1) perspectives - what is working well, and what is not?
• The changing technological landscape: virtual assets, privacy issues and digital identity
• Professions (Phase 2) perspectives: What are the key issues needing review for Phase 2 entities?

Speaker highlights

• Expertly led by Gary Hughes of Akarana Chambers (www.law-strategy.nz) - regarded as New Zealand’s leading AML lawyer, and author of the Thomson Reuters Westlaw NZ textbook for the legal profession: AML/CFT Workflows and Guidance
• Nick Kokay – lead manager at the Ministry of Justice on the Statutory Review
• Rob Milnes - principal advisor at the Department of Internal Affairs
• Katherine Le Quesne – AML Compliance Officer at Kiwibank
• Jason Roberts, Director of the FinTech NZ Association
• Claudia Smith, COO, APLYiD
• Ephraim Wilson, Policy Advisor at the Office of the Privacy Commission

We hope you can join us on 29th November. If you have any questions please email eventsanz@thomsonreuters.com

Agenda

1.00pm Welcome and Introduction from Chair - Gary Hughes, Barrister, Akarana Chambers

1.10pm Law enforcement perspective

We open the webinar by inviting representatives from AML regulation and enforcement entities to discuss the Statutory Review, its purpose, aims and current challenges in the industry.

Nick Kokay, Senior Policy Advisor Ministry of Justice

Rob Milnes, Principal Advisor, Department of Internal Affairs

1.50pm Financial entity perspective

Katherine Le Quesne, AML/CFT Compliance Officer, Kiwibank

Phil Robson, Risk & Compliance Manager, UnityMoney

2.30pm Break

3.00pm The changing technological landscape: virtual assets, privacy issues and digital identity

The statutory review highlighted some emerging technological risks and issues. The emergence of crypto-assets and increasing sophistication in digital identity management have implications in the management of money laundering risks.

Jason Roberts, Director of the FinTech NZ Association
Claudia Smith, COO, APLYiD
Ephraim Wilson, Policy Advisor at the Office of the Privacy Commission

3.40pm Panel: What are the impacts of the statutory review on Phase 2 entities?

To close the webinar, we invite representatives from across phase 2 entities to discuss how the last few years of regulation has affected their industry, and what the changes under the statutory review may mean.

Gary Hughes, Barrister, Akarana Chambers

Peter Vial, New Zealand Country Head, Chartered Accountants Australia and New Zealand

4.20pm Wrap up and close