Apista Consulting

In this third article in our six-part series looking at the components of a risk management framework we look at risk mitigation, a proactive strategy designed to reduce the likelihood or impact of adverse events. https://lnkd.in/e7mSwRkh If you would like support to identify the risks facing your business, developing or reviewing a risk management plan or enterprise risk management framework, then reach out to Apista Consulting. We are here to help.

It's time for licensed Financial Advice Providers (FAPs) to prepare and submit their annual regulatory returns. Returns must be submitted by 30 September for the 12-month period to 30 June. The FMA have published an information sheet to help FAPs complete their returns.

Social media has become an indispensable tool for small and medium-sized businesses, yet while many business owners recognise its importance, a significant number still struggle with their social media marketing efforts. In this article we talk about why having a proper social media strategy is essential and how it can transform your marketing efforts. https://lnkd.in/gC8NgwEY Remember, a well-crafted strategy is the foundation of successful social media marketing. Talk to us today if you'd like to know how we can help you develop a social media strategy tailored to you.

Does your business have a fraud policy? Is it effective in mitigating the risk of fraudulent activity? In our latest article we take a look at why having an effective fraud policy is essential for businesses. https://lnkd.in/gvDbMFK7 At Apista Consulting we support businesses to develop, implement and maintain effective policies, processes and controls. If you need a hand getting started on an effective fraud policy for your business then please get in touch.

In the second article of our series on risk management we look at the importance of effective risk measurement. Our team is available to chat about effective risk management within your business. Get in touch with us today. https://lnkd.in/g7f3q7T7

The FMA has released its first insights report into supervision activities and monitoring of the Financial Advice Provider (FAP) sector. The report highlights that FAPs and financial advisers have generally made good progress in transitioning to the new requirements. The FMA commented that they have seen FAPs using the new requirements to further serve the needs of their clients and build stronger and more resilient businesses. But the FMA also emphasised the need to avoid a 'tick the box' approach to compliance. They identified gaps that, if they remain unchecked, could escalate into poor outcomes for clients. Everyone can learn from these insights. FAPs and financial advisers should assess and improve their operations to align with the overarching objective to serve the needs of clients and invest the effort and time to ensure their arrangements are fit to achieve this. Read more... https://lnkd.in/g5iKubJa

New Zealand's AML/CFT sector supervisors have released a joint statement on their supervisory approach ahead of new regulations coming into effect from 1 June 2024. Read more in the link below... https://lnkd.in/gxqrvRDA

SkyCity and the Department of Internal Affairs have reached a settlement agreement over failures by SkyCity to meet its AML/CFT obligations. This agreement sees SkyCity facing a penalty of over $4m. Read more in the link below... https://lnkd.in/guHzbaHj

Do you have an AML/CFT audit coming up? Taking a few simple steps to be prepared can remove a lot of the stress that comes with the audit process. Learn more in Apista's practical guide to AML/CFT audit preparation... https://lnkd.in/dDiPnsjN

In this first of a series of articles on risk management, we take a look at risk identification. https://lnkd.in/g6ShzrWK