AML/CTF and Privacy Act 
News & Resources

You took one copy. Your office kept seven.

Three questions. If you can answer all three, your firm is in better shape than most.

Your business was exempt from the Privacy Act. For one part of what you hold, it isn't any more.

You may have to tell the regulator. You may not be allowed to tell your client.

Ask how long a client file should be kept and there is no single answer. That's not the real problem.

A client asks what you hold on them. One act says answer. The other says do not say why you cannot.

Exhibit A is your inbox.

Including us.

Since 1 July, almost every firm has made at least one of these. None of them are your fault.