Changes are in the wind for incorporated societies

In late 2015 the Government issued an exposure draft of the Incorporated Societies Bill (the Bill) for submissions from the public. The Bill has been issued with a view to bringing the existing Incorporated Societies Act 1908, into the 21st century. Submissions on the exposure draft closed on 30 June 2016. To understand more about … Continue reading “Changes are in the wind for incorporated societies”

Are you a reporting entity under AML/CFT Act?

Under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009, Reporting Entities have been required to have an AML/CFT Risk Assessment and Compliance Programme in place and audited on a two-yearly basis since 30 June 2015. It is not only banks and major financial services companies that fall under the requirements of this Act, … Continue reading “Are you a reporting entity under AML/CFT Act?”