From mid-2027, this fragmented model will be consolidated under the Department of Internal Affairs
Every reporting entity—financial or non-financial—will report directly to the DIA, submit its annual report through the DIA portal, and follow one unified compliance framework.
Why This Matters
For many financial and advisory firms, this transition won’t just mean a new regulator — it means a different regulatory culture.
The DIA’s compliance style focuses on:
Documentation over declaration – evidence of process is key
- Operational proof – staff training, client-file retention, and workflow checks
- Practical risk management – clear, defensible procedures rather than policy statements
Entities that once relied on broad FMA or RBNZ-level principles will now be expected to maintain granular, file-based compliance records, similar to those already required of accountants, lawyers, and real-estate agents.
What You Should Do Between 2025 and 2027
- Review your AML/CFT Programme: Ensure your policies reflect DIA terminology and guidance.
- Realign your Risk Assessment: DIA expects risk ratings to be evidence-based and tailored, not generic.
- Train and Certify your Team: DIA places strong emphasis on regular staff training — with proof.
- Plan an Independent Review before 2027: Completing one under the DIA format will make transition smoother and less stressful.
How We Can Help
We’ve launched a dedicated DIA Transition Compliance Pack (2025–2027) designed to help you:
- Re-align your risk assessment
- Rewrite AML policies and procedures to DIA standards
- Train your staff and issue compliance certificates
- Conduct independent reviews ahead of 2027
Our goal is simple — to make sure you’re DIA-ready before the regulator knocks.
If you have any concerns or questions regarding AML compliance, please don’t hesitate to contact us at info@fraudchecksolutions.co.nz
