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1. AML-and-CFT-Regulations-Amendment-Regulations-2023.pdf [pdf, 709 KB]

   Hon Ginny Andersen Minister of Justice Proactive release - Anti-Money Laundering and Countering Financing of Terrorism Regulations Amendment Regulations 2023 Date of issue: 18 September 2023 The following document has been proactively released in accordance with Cabinet Office Circular CO (23) 4. No. Document Comments 1 Anti-Money Laundering and Countering Released in full. Financing of Terrorism Regulations Amendment Regulations 2023 LEG Minute Cabinet Office Meeting date:

2. Anti-Money Laundering and Countering Financing of Terrorism - Cabinet Paper 1 - June 2016 [pdf, 254 KB]

   ...through crime is made legitimate or ‘cleaned’ to conceal its criminal origins. The financing of terrorism often uses similar methods as those used for money laundering. New Zealand’s anti-money laundering and countering financing of terrorism (AML/CFT) regime aims to detect and support the recovery of these proceeds of crime so that criminals cannot enjoy the profits of their criminal activity, or reinvest it into further criminal conduct. 4. New Zealand’s AML/CFT regim...

3. Anti-Money Laundering and Countering Financing of Terrorism - Cabinet Paper 4 - March 17 [pdf, 241 KB]

   ...Bill before introduction and helped to reduce the earlier anticipated compliance costs. 4. Engaging closely with affected sectors has helped them to understand their obligations, ways of structuring their affairs and using tools in the Act to minimise their compliance costs. Over time with effective supervision and support, compliance costs could reduce by up to $0.8 Billion from initial cost estimates. It is now estimated that ongoing costs could be in the order of...

4. Anti-Money Laundering and Countering Financing of Terrorism - Cabinet Paper 3 - October 2016 [pdf, 1.2 MB]

   ...Estate Agents and some entities who deal in high value products. Police’s National Risk Assessment of Money Laundering and Financing of Terrorism states that these sectors are all at high risk of money laundering and financing of terrorism activity – of the estimated $1.35 billion of fraud and drug proceeds laundered each year in New Zealand it is estimated that around $120 million is laundered using luxury goods, $420 million real estate, and more than $50 million t...

5. Overview

   ...financing? Back to top How do we tackle it? We need some businesses and professions to put measures in place so they don’t unwittingly support criminal activity. These measures are part of the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act. As well as protecting legitimate businesses, AML/CFT measures make it easier for authorities to find out where ‘dirty’ money comes from, prosecute criminals, seize illegally earned money and assets, and stop crime. They also...

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   1. Justice sector & policy >
   2. Key initiatives >
   3. Tackling money laundering and terrorist financing

6. Anti-Money-Laundering-and-Countering-Financing-of-Terrorism-Definitions-Amendment-Regulations-2023.pdf [pdf, 1 MB]

   ...Financing of Terrorism (Definitions) Amendment Regulations 2023; and authorising those regulations for submission to the Executive Council. Policy on gang harm intervention 3 The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (the AML/CFT Act) is a risk-based regime that detects and deters money laundering and terrorism financing and implements relevant international obligations. 4 In July 2022, in response to criminal activities and harms caused by gangs, Cabinet...

7. AMLCFT Statutory Review Final Report [pdf, 5.4 MB]

   CHAPTER 1 Report on the review of the Anti- Money Laundering and Countering Financing of Terrorism Act 2009 Important notice The information in this publication is, according to the Ministry of Justice’s best efforts, accurate at the time of publication. The Ministry will make every reasonable effort to keep it current and accurate. However, users of this publication are advised that: • the opinions contained in this document are those of the Ministry an...

8. Keep our money clean: 1-sided brochure [pdf, 5.8 MB]

   ...Anti-Money Laundering and Countering Financing Terrorism laws operating since 2013. We’re now extending these laws to include more business and service providers as well as additional reporting responsibilities from those companies. The AML/CFT Act now covers transactions and purchases in: Casinos Banks and financial institutions Trust and company service providers Lawyers and conveyancers The following sectors are being covered progressively: Accountants and provider...

9. OIA-111433.pdf [pdf, 4.9 MB]

   ...Page 18 of 34 RE LE AS ED U ND ER T HE O FF IC IA L IN FO RM AT IO N AC T 19 82 Page 19 of 34 IN CONFIDENCE Purpose 1. This briefing provides an introduction to the Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) system, and outlines how we can meet your priorities for system change. Key messages 2. As the Associate Minister of Justice (Firearms), you have been delegated responsibility for the administration of all AML/CFT legislation and regula...

10. Exemption order GMI General Partner of Gareth Morgan Investments Limited [pdf, 66 KB]

    ...its role as general partner of Gareth Morgan Investments Limited Partnership (the Limited Partnership). 2 This exemption is subject to the following conditions: a. That the Limited Partnership complies with all of its obligations under the AML/CFT Act; b. This exemption only applies in relation to the current activities carried out by GMI as general partner of the Limited Partnership; and c. If GMI’s business activities change in a material way, in that it is required to c...