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1. NZCEOF Ministerial Exemption [pdf, 60 KB]

   Ministerial Exemptions Under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 In accordance with section 157 of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (“Act”), the Associate Minister of Justice granted the following exemption from the Act: Ministerial Exemption: NZCEO Finance Limited Exempt the NZCEO Finance Limited (“NZCEO Finance”) from: a. Sections 10–71 of the Act. The exemption is subject to the following c

2. LMLCCT Ministerial Exemption [pdf, 60 KB]

   Ministerial Exemptions Under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 In accordance with section 157 of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (“Act”), the Associate Minister of Justice granted the following exemption from the Act: Ministerial Exemption: The Lloyd Morgan Lions Clubs Charitable Trust Exempting The Lloyd Morgan Lions Clubs Charitable Trust (“LMCCT”) from: a. Sections 10–71 of the Act. The

3. NTMT Ministerial Exemption [pdf, 91 KB]

   Ministerial Exemptions Under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 In accordance with section 157 of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (“Act”), the Associate Minister of Justice granted the following exemption from the Act: Ministerial Exemption: Ngā Tāngata Microfinance Trust Exempting Ngā Tāngata Microfinance Trust (“NTMT”) from: a. Sections 10–71 of the Act. The exemption is subject to the

4. ACC Ministerial Exemption [pdf, 60 KB]

   Ministerial Exemptions Under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 In accordance with section 157 of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (“Act”), the Associate Minister of Justice granted the following exemption from the Act: Ministerial Exemption: Accident Compensation Corporation Exempting Accident Compensation Corporation (“ACC”) from: a. All sections of the Act. The exemption is subject to the fo

5. Exemption order Methodist Employment Generation Fund (Northern) Trust [pdf, 28 KB]

   ...retains control of the use of funds of the organisation for lending purposes. (v) MEG meets the criteria of a ‘lower risk’ financial inclusion institution under FATF guidelines, to be granted a partial exemption allowing it to apply simplified AML/CFT measures. (b) The obligations imposed on MEG would be disproportionate given the low risk of money laundering or terrorist financing in the circumstances outlined in this exemption. 3. This exemption comes into force on the day af...

6. Exemption order Nelson Enterprise Loan Trust [pdf, 28 KB]

   ...retain control of the use of funds of the organisation for lending purposes. (v) NELT meets the criteria of a ‘lower risk’ financial inclusion institution under FATF guidelines, to be granted a partial exemption allowing it to apply simplified AML/CFT measures. (b) The obligations imposed on Nelson Enterprise Loan trust would be disproportionate given the low risk of money laundering or terrorist financing in the circumstances outlined in this exemption. 3. This exemption comes...

7. [2023] NZCAA 01 (20 July 2023) [pdf, 189 KB]

   ...“lawful authority or reasonable excuse” to import any “prohibited import” into New Zealand. 3 The prohibition and the offence [9] Section 114(2) of the Anti-Money Laundering and Counterfeiting Financing of Terrorism Act 2009 (the AML Act) provides that movement of cash in breach of the AML Act is the importation of a prohibited good.1 [10] Section 68(1) of the AML Act provides that a person must not move cash into or out of New Zealand if the cash: [10.1] E...

8. OIA-102463.pdf [pdf, 248 KB]

   ...activities can be found in its Annual Report here: • sfo.govt.nz/assets/Uploads/Annual-Report-2022-Web.pdf Anti-money laundering and countering the financing of terrorism The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act) improves New Zealand’s safety by making it harder for criminals to profit from their offending and disrupting the financing of terrorism. The AML/CFT Act helps ensure markets are not distorted by illicit funds and helps to...

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

   ...Regulatory Systems (Courts Improvement) Amendment Bill; 1.2 the Regulatory Systems (Tribunals) Amendment Bill; 1.3 the Regulatory Systems (Occupational Regulation) Amendment Bill; and 1.4 the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Amendment Bill. Relation to government priorities 2 The four associated bills in the Regulatory Systems (Justice) Amendment Bill package will improve the quality of legislation regulating justice systems and contribute to th...

10. BORA Anti-Money Laundering and Countering Financing of Terrorism Bill [pdf, 313 KB]

    ...(PCO12951/9.0) for consistency with the New Zealand Bill of Rights Act 1990. 2. According to the explanatory note the purpose of the Bill is to enhance New Zealand's framework for anti-money laundering measures and countering the financing of terrorism (AML/CFT) so as to progress compliance with the Financial Action Task Forces (FATF) recommendations. The Bill aims to improve the detection and deterrence of money– laundering and the financing of terrorism, thereby enhancing our inte...