ACAMS Australasian Chapter May 2025 Virtual Event: Customer Risk Assessments

Overview

From 1 June 2025, New Zealand reporting entities will be required to conduct a risk rating for each new customer as part of their AML/CFT obligations.

This new requirement is separate from the existing obligation to assess customer risk at the entity level when developing an AML/CFT programme. Instead, it requires a risk assessment to be completed individually for each customer at onboarding.

In this webinar, we will look at how entities can meet this new mandatory requirement. We will discuss:

• How and where to start
• How they tie into your entity-level risk assessments
• Qualitative vs quantitative approaches
• What to (and what not to) include
• Do we need to risk weight criteria?
• Good and bad examples we have seen
• How customer risk assessments should be reflected in your key obligations in your AML/CFT programmes. 

This session will be useful for those just starting out or experienced practitioners looking to refine and strengthen their existing approach.