OUR DIFFERENCE
Effective outcomes, 'beyond compliance', and specialist expertise for professional services businesses
Effective outcomes, 'beyond compliance', and specialist expertise for professional services businesses
Our fundamental difference
Effective outcomes. For businesses beginning to realise that traditional 'compliance' approaches may not be as effective as hoped, we offer new approaches that may help close the gaps; connecting compliance systems more effectively with your staff, the people who can really make a difference. We also help enforcement professionals achieve more effective outcomes.
Three questions for NZ's professional services firms
Approached by someone claiming systems that also apply to your business? We suggest asking three questions:
Q1. Do your systems also work for financial services businesses?
Q2. In which country were your systems first developed?
Q3. Are your systems based on the New Zealand legislation?
The answers can help decide who best understands your business. The answers may seem counter-intuitive. We explain below.
1. Specifically for professional services firms
Others claim systems that ‘also’ work for professional services firms; but were actually developed for financial services businesses. We know that your business is nothing like a bank, finance company or overseas remittance provider.
2. For New Zealand businesses
Others claim 'global' systems that ‘also’ work for New Zealand businesses, but AML/CFT laws, regulations and practices differ elsewhere.
3. Global standards
Others claim systems that meet New Zealand’s legislative requirements; but specified businesses are exempt from those particular obligations. New Zealand AML/CFT laws currently apply only to financial services companies; the laws and regulations that will soon apply to professional services firms may be different. As elsewhere, separate specialist codes of conduct that meet global standards may apply to these businesses. Our work is based on global standards affecting professional services businesses, within the local context. These remain a constant touchstone and solid base to develop the necessary skills, experience and judgment for your staff. We are also constantly monitoring developments as they apply to your business, without the distraction of trying to be all things to countless disparate businesses.
Effective outcomes. For businesses beginning to realise that traditional 'compliance' approaches may not be as effective as hoped, we offer new approaches that may help close the gaps; connecting compliance systems more effectively with your staff, the people who can really make a difference. We also help enforcement professionals achieve more effective outcomes.
Three questions for NZ's professional services firms
Approached by someone claiming systems that also apply to your business? We suggest asking three questions:
Q1. Do your systems also work for financial services businesses?
Q2. In which country were your systems first developed?
Q3. Are your systems based on the New Zealand legislation?
The answers can help decide who best understands your business. The answers may seem counter-intuitive. We explain below.
1. Specifically for professional services firms
Others claim systems that ‘also’ work for professional services firms; but were actually developed for financial services businesses. We know that your business is nothing like a bank, finance company or overseas remittance provider.
2. For New Zealand businesses
Others claim 'global' systems that ‘also’ work for New Zealand businesses, but AML/CFT laws, regulations and practices differ elsewhere.
3. Global standards
Others claim systems that meet New Zealand’s legislative requirements; but specified businesses are exempt from those particular obligations. New Zealand AML/CFT laws currently apply only to financial services companies; the laws and regulations that will soon apply to professional services firms may be different. As elsewhere, separate specialist codes of conduct that meet global standards may apply to these businesses. Our work is based on global standards affecting professional services businesses, within the local context. These remain a constant touchstone and solid base to develop the necessary skills, experience and judgment for your staff. We are also constantly monitoring developments as they apply to your business, without the distraction of trying to be all things to countless disparate businesses.