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1. Proactive-release-20240715-CAB-Regulatory-Systems-Justice-Amendment-Bill_Final.pdf [pdf, 9.6 MB]

   I N C O N F I D E N C E 1 I N C O N F I D E N C E In Confidence Office of the Minister of Justice Office of the Associate Minister of Justice Cabinet Social Outcomes Committee Regulatory Systems (Justice) Amendment Bill Package: Policy Proposals Proposal 1 We seek agreement to amend legislation that impacts the Ministry of Justice (the Ministry’s) regulatory systems through a package of four associated bills: 1.1 the Regulatory Systems (Courts Improvement) Amendment Bi...

2. New National Anti-Money laundering and Countering Financing of Terrorism Strategy

   ...laundering allows criminals to disguise the origins of criminal proceeds. The laundering of proceeds of crime is a key enabler of most serious and organised crime occurring in New Zealand. Terrorism financing provides the means to sustain, plan and execute acts of terrorism and finance and maintain terrorist networks. New Zealand’s AML/CFT regime has been in place in New Zealand since 2013, when the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 came into force. AML/CFT...

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3. Regulatory Impact Statement: Second phase of reforms to the Anti-Money Laundering and Countering Financing of Terrorism regime [pdf, 1.6 MB]

   1 Regulatory Impact Statement: Second phase of reforms to the Anti-Money Laundering and Countering Financing of Terrorism regime Agency Disclosure Statement 1. This Regulatory Impact Statement (RIS) has been prepared by the Ministry of Justice. The RIS provides an analysis of options to enhance and extend New Zealand’s anti-money laundering and countering financing of terrorism (AML/CFT) regime. Previous decisions have limited the scope of the options considered 2...

4. Tackling money laundering and terrorist financing consultation [pdf, 321 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 Contents Contents .......................................................................................................................................... 2 Glossary ........................................................................................................................................

5. Class exemptions for managing intermediaries information sheet [pdf, 644 KB]

   ...entities understand the Anti-Money Laundering and Countering Financing of Terrorism (Class Exemptions) Amendment Notice (No 2) 2015 (Managing Intermediaries Exemption). Overview Under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act), reporting entities have customer due diligence (CDD) obligations to identify and verify the identity of their customers, the people acting on behalf of their customers, and any ‘beneficial owners’ of their customer...

6. Supplementary Analysis Report Criminal Activity Intervention Legislation Bill [pdf, 5.6 MB]

   ...risks in the high-value dealers sector. 4 This data may be impacted by a range of factors, including the difficulties in identifying offenders, whether the offence occurs in the context of a gang convoy. 5 The current definition of cash in the AML/CFT Act includes both physical currency and bearer negotiable instruments (e.g. cheques and bearer bonds); this definition would be used as a starting point with the intent of expanding it to include gold bars and ingots. s6(c) RE LE...

7. AMLCFT-Proactive-Release-FINAL.pdf [pdf, 2.6 MB]

   Hon Kiri Allan Minister of Justice Proactive release – Documents relating to Implementing the recommendations of the AML/CFT statutory review Date of issue: 22 March 2023 The following documents have been proactively released in accordance with Cabinet Office Circular CO (18) 4. Some information has been withheld on the basis that it would not, if requested under the Official Information Act 1982 (OIA), be released. Where that is the case, the relevant sectio...

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

   ...down your compliance costs by working with others. If your business provides the types of services that criminals might use to launder money or finance terrorism, you have to comply with the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act. To find out if you’re covered by the Act and the measures you need to put in place, see the information specific to your business at: Tackling money laundering and terrorist financing For example, businesses that deal in high value...

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9. Previous consultations

   ...Punishment [2019] Have your say about access to official information [2019] Strengthening the Criminal Justice System for Victims survey [2019] Strengthening the family justice system [2019] Regulations to support high value dealers to comply with the AML/CFT Act [2019] Legal Aid Invoicing [2019] Legal Aid High Cost Case policy & Amendment to Grant form changes [2018] Rewriting the 2014 Family Justice System Reforms [2018] Korero Mai - Tell Us Your Story [2018] Information sharing guidance...

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10. Putting the heat on money laundering

    ...It’s estimated that over $1 billion a year comes from drug dealing and fraud, and can be laundered through New Zealand businesses. The changes – which bring in "Phase 2" of New Zealand’s Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act – put in place measures to protect businesses, detect crime and deter criminals from abusing New Zealand’s financial system. What is money laundering? Money laundering is the process criminals use to hide the money they make fro...

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