FMA has released a new report: FMA's supervision of Anti-Money Laundering and Countering Financing of Terrorism outlining FMA's supervision priorities for 2013, as well as its general compliance strategy and monitoring approaches under the new anti-money laundering and countering financing of terrorism (AML/CFT) regime.

FMA is the supervisor of reporting entities that are managers of collective investment schemes, trustee companies, brokers, futures dealers, financial advisers and issuers of securities.

From 30 June 2013, when the new regime is in force, FMA's role as a supervisor will be to monitor compliance with the AML/CFT Act, including assessment of the adequacy and effectiveness of reporting entities' systems and controls to detect and deter money laundering and terrorist financing, and to take action where these fall below the expected standard.