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1. Earthquake Prone Building Financial Assistance Scheme [pdf, 74 KB]

   ...structure of activities; including not accepting cash repayments, customer due diligence and monitoring to enforce the criteria. b. the residual risk of layering proceeds of crime will be as effectively managed through the conditions as through a full AML/CFT programme. Therefore, granting this exemption would have little to no impact on the prevention, detection and prosecution of ML/TF offences; c. in the absence of an exemption, the Scheme would be subject to an undue regulatory bu...

2. FFCL Ministerial Exemption [pdf, 64 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: Fonterra Farmer Custodian Limited Exempting Fonterra Farmer Custodian Limited (FFCL) from: a. Sections 10–71 from the Act. The exemption is subject to the f

3. NZLC Ministerial Exemption [pdf, 63 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: New Zealand Lotteries Commission Exempting The New Zealand Lotteries Commission (“NZLC”) from: a. Sections 10–71 of the Act. In respect of its MyLotto A

4. RCDPN Ministerial Exemption [pdf, 65 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: Roman Catholic Diocese of Palmerston North Exempting the Roman Catholic Diocese of Palmerston North (“RCDPN”) from: a. Sections 10–71 of the Act. The ex

5. KO Ministerial Exemption [pdf, 93 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: Kāinga Ora Exempting Kāinga Ora from: a. Sections 10–71 for its First Home grant and the Tenant Home Ownership grant; and b. Sections 10–38 and 48A–71

6. FACTS Management NZ Limited [pdf, 74 KB]

   ...exemption comes into force on 12 May 2022. This exemption will expire on 12 May 2027. Any person wishing to provide comment on this notice should contact the Terrorism and Law Enforcement Stewardship Team at the Ministry of Justice by emailing amlcft.exemptions@justice.govt.nz. mailto:amlcft.exemptions@justice.govt.nz

7. Members of the Tribunal

   ...Councillor. Neil O'Connor, AREINZ Mr O'Connor currently owns and operates Property Management New Zealand that service the greater Auckland area. He also currently consults to Ray White, Pure Realty Ltd in Royal Oak assisting with recruiting, training and all AML Compliance. He entered real estate in 1986 and became an AREINZ in 1995. Throughout this time he has both owned and managed offices with up to 35 staff under several of the main franchise groups in New Zealand. Mr O'Connor is also the...

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   3. About the Tribunal

8. Keep our money clean: Case study factsheet [pdf, 5.8 MB]

   ...them to deposit the cash from the loan into their lawyer’s trust account and to hold the funds on behalf of the shell company. The drug dealers had effectively involved two lawyers in a money laundering scheme which was structured to avoid AML/CFT controls in the banking sector. The funds appeared to be legitimate and seemed to have come from offshore. A man deposited the total purchase price for a house, in cash, with his lawyers well before the sale price was agreed. Th...

9. The Government Superannuation Fund Authority [pdf, 76 KB]

   ...laundering/terrorism financing risk as a result of that change, it is required to notify the Ministry of Justice and the Financial Markets Authority to undertake to work with those bodies to agree on how to manage those risks; g. The Authority must appoint an AML/CFT Compliance Officer in accordance with section 56(2) and (4) to oversee compliance with these conditions; and h. The Authority must inform the Ministry of Justice of any changes that may affect the exemption within 10 wo...

10. GN Fonterra Farmer Custodian Limited 2023 go179 [pdf, 32 KB]

    ...publication. 5. The exemption will expire on 17 January 2028. 6. Any person wishing to provide comment on this notice should contact the Criminal Law Team at the Ministry of Justice by emailing exemptions@justice.govt.nz. NEW ZEALAND GAZETTE 1 mailto:amlcft.exemptions@justice.govt.nz Ministerial Exemptions Under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 Ministerial Exemption: Fonterra Farmer Custodian Limited