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1. Ministry of Justice consultation paper on Phase Two of the AML/CFT Act [pdf, 317 KB]

   Improving New Zealand’s ability to tackle money laundering and terrorist financing Ministry of Justice consultation paper on Phase Two of the AML/CFT Act August 2016 2 Contents Contents ....................................................................................................................................... 2 Glossary .......................................................................................................................................

2. Guideline to help reporting entities to develop their AML/CFT programme. [pdf, 130 KB]

   ...What is this guideline for? 1. This guideline is designed to help reporting entities develop their AML/CFT programme. 2. If you are a reporting entity as defined in section 5 of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (the AML/CFT Act)1 3. This guideline is provided for information only and cannot be relied on as evidence of complying with the requirements of the AML/CFT Act. It does not constitute legal advice from any of the AML/CFT supervisors...

3. AML/CFT Statutory Review - summary of submissions [pdf, 1.2 MB]

   Review of the AML/CFT Act Summary of submissions Ministry of Justice March 2022 Important notice The opinions contained in this document are those of the Ministry of Justice and do not reflect official government policy. Readers are advised to seek specific legal advice from a qualified professional person before undertaking any action in reliance on the contents of this publication. The contents of this discussion document must not be constr...

4. AML/CFT Bill Background Information Document July 2009 [pdf, 122 KB]

   ...ANTI MONEY LAUNDERING AND COUNTERING FINANCING OF TERRORISM REFORM Background Information Document 16 July 2009 2 Information The Anti-Money Laundering and Countering the Financing of Terrorism Bill (the AML/CFT Bill) is currently before Parliament and is being considered by the Foreign Affairs, Defence, and Trade Parliamentary Select Committee. Submissions on the Bill should be provided to the Foreign Affairs, Defence, and Trade Parliamentary S...

5. Consultation Document AML/CFT Early Regulatory Package Exposure Draft [pdf, 494 KB]

   AML/CFT ‘Early’ Regulatory Package Exposure Draft of the regulations February 2023 AML/CFT ‘Early’ Regulatory Package: Exposure Draft February 2023 Overview The Ministry of Justice has concluded its statutory review of the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act 2009 and broadly found that the Act provides a sound regulatory regime that provides the basis to detect and deter money laundering and terrorism financin...

6. Summary of submissions on Phase Two of the AML/CFT reforms [pdf, 700 KB]

   1 Improving New Zealand’s ability to tackle money laundering and terrorist financing Summary of submissions on Phase Two of the AML/CFT reforms Prepared for: Ministry of Justice December 7, 2016 2 Contents Executive summary 3 Overview 10 Improving New Zealand’s ability to tackle money laundering and terrorist financing 10 Analysis of submissions 11 Support for Phase Two 12 Sector-specific issues and questions 13 L...

7. Anti-Money Laundering and Countering the Financing of Terrorism AML/CFT Bill: Approval for Introduction [pdf, 66 KB]

   ...the Financing of Terrorism (AML/CFT) Bill, and the introduction of the AML/CFT Bill into the House. 2 The paper also seeks a deferral of a report-back on an assessment of the degree to which the AML/CFT Bill achieves compliance with the Financial Action Task Force (FATF) Recommendations [CAB Min (09) 14/5 (18.1) refers]. Executive summary 3 The AML/CFT Bill will reform New Zealand’s ageing AML/CFT framework as set out in the Financial Transactions Reporting Act 1996 (the FTRA)....

8. AML/CFT Statutory Review - summary of form submissions [pdf, 820 KB]

   Page 1 AML/CFT Act review: Summary report This report was created on Saturday 04 December 2021 at 13:03 and includes 59 responses. The activity ran from 06/10/2021 to 03/12/2021. Contents Question 1: What age group are you in? 24 Age 24 Question 2: What is your ethnicity? (You can select more than one.) 24 Ethnicity 24 Please specify 24 Ethnicity 25 Please specify 25 Ethnicity 25 Please specify 25 Ethnicity 25 Please specify 25 Question 3: If you're responding on behalf of...

9. Exposure Draft - AML/CFT Early Regulations Package [pdf, 220 KB]

   ...of 2023 Present: in Council These regulations are made under sections 5(1), 14(1)(d), 18(2)(f), 23(1)(b), 27(2) and (3), 48A, 48B(1), 60(2)(c), 70, 153, and 154 of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (the Act)— (a) on the advice and with the consent of the Executive Council; and (b) in relation to regulations made under section 154 of the Act, on the recommen‐ dation of the Minister (as defined by section 5(1) of the Act) made in a...

10. Phase 2 AML/CFT Reforms - Exposure draft amendment Bill - Information Paper [pdf, 446 KB]

    Phase 2 AML/CFT Reforms Exposure draft amendment Bill Information Paper December 2016 About this paper The Government is finalising details of how to implement Phase 2 of the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) law, and how the law will work in practice. These details are set out in the exposure draft of the Anti-Money Laundering and Countering Financing of Terrorism Amendment Bill (see Appendix 3). Phase 1 of...