Trust, Integrity and Compliance Company’s AML compliance portal is granted Privacy Trust Mark

Privacy Commissioner John Edwards commended the company for its transparency with regard to the use of personal information

Trust, Integrity and Compliance Company’s AML compliance portal is granted Privacy Trust Mark

The AML compliance portal developed by the Trust, Integrity and Compliance Company (TICC) has received a Privacy Trust Mark from Privacy Commissioner John Edwards.

TICC developed the AML Customer Due Diligence Online Forms and AML Online Portal to assist companies in meeting their AML reporting obligations and in showing their compliance with government criteria in this area through the use of systems and support.

In the process, clients must provide much personal information; however, TICC’s transparency when it comes to how that information is used was lauded by Edwards.

“I was pleased to see the efforts TICC has made to be highly transparent with clients about what happens to their information once it’s been collected, as well as making it simple for clients to access or modify that information, should they need to,” Edwards said.

He noted that the company had come up with a privacy- and user-friendly method of enabling clients to undergo AML checks. The awarding of the Privacy Trust Mark is recognition of that effort.

“We want to help New Zealanders make informed choices about privacy-friendly products and services. The Privacy Trust Mark is not only a recognition of best practice, it is also intended to encourage a culture in which businesses put privacy at their core,” Edwards said.

The Privacy Trust Mark was first launched in 2018 to put the spotlight on products and services that “respect and protect personal information,” the Office of the Privacy Commissioner said in its statement.

Previous awardees of the Privacy Trust Mark include Trade Me, the Department of Internal Affairs and Air New Zealand.

TICC has long been in the business of assisting on AML-related issues. Last year, the company provided advice on AML/CFT compliance queries for NZ Lawyer.

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