Information for businesses

Lawyers and accountants

Lawyers and accountants are at risk of being exploited by criminals to launder money. They’re among several professions whose members may be affected by proposed changes to the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act.

Conveyancers

Conveyancers are at risk of being exploited by criminals to launder money. They’re among several professions whose members may be affected by proposed changes to the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act.

Real estate agents

Real estate agents are at risk of being exploited by criminals to launder money. They’re among several professions whose members may be affected by proposed changes to the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act.

Businesses trading in high value goods

Dealers of expensive goods are at risk of being exploited by criminals to launder money. They’re among several professions whose members may be affected by proposed changes to the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act.

Sports and racing betting

Betting services are at risk of being exploited by criminals to launder money. The New Zealand Racing Board is among organisations that will be affected by proposed changes to the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act.

Supervision and support for businesses

More businesses will soon have to put systems and processes in place to help tackle money laundering and terrorist financing. Support will be available to help them understand and do what’s required.

Working with others to reduce your anti-money laundering compliance costs

More businesses and professions will soon have to put systems and processes in place to help tackle money laundering and financing of terrorism – but you may be able to keep down your compliance costs by working with others.

Reporting suspicious activities

Businesses have to tell Police if they notice things that are potential signs of money laundering and terrorist financing. Proposed changes to what you have to report will affect all businesses that currently – or will – have to do this.

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