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1. Exposure draft AML/CFT amendment bill [pdf, 270 KB]

   ...New section 49A inserted (Obligation to keep reports of suspicious activities) 21 49A Obligation to keep reports of suspicious activities 21 18 Section 51 amended (Obligation to keep other records) 21 19 Section 57 amended (Minimum requirements for AML/CFT programmes) 22 20 Section 59 replaced (Review and audit of risk assessment and AML/CFT programme) 22 59 Review and audit of risk assessment and AML/CFT programme 22 59A Audit of compliance with AML/CFT obligations 22 59B Who carries o...

2. Draft Cost Benefit Analysis: AML Phase II [pdf, 296 KB]

   1 | CBAx, AML Phase II, Ministry of Justice, October 2016 Draft Cost Benefit Analysis: AML Phase II Section A Descriptive Information Problem Definition The Phase I anti-money laundering regime came into force in 2013, which covered banks, insurance companies, financial services (e.g. investment advisers), money remitters and casinos. There is now a proposal to extend the scope AML legislation to cover additional sectors, to bring NZ in line with its FATF obligations. The...

3. Draft Cost Benefit Analysis: AML Phase II [pdf, 281 KB]

   1 | CBAx, AML Phase II, Ministry of Justice, October 2016 Draft Cost Benefit Analysis: AML Phase II Section A Descriptive Information Problem Definition The Phase I anti-money laundering regime came into force in 2013, which covered banks, insurance companies, financial services (e.g. investment advisers), money remitters and casinos. There is now a proposal to extend the scope AML legislation to cover additional sectors, to bring NZ in line with its FATF obligations. The...

4. 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...

5. 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 .......................................................................................................................................

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

   ...Regulations Amendment Regulations 2023 Portfolio Justice Purpose This paper seeks authorisation for approval to the Executive Council of five regulations under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (the AML/CFT Act). Previous Decisions In October 2022, the Cabinet Economic Development Committee (DEV) noted that the Ministry of Justice had concluded its statutory review of the AML/CFT Act, and that a number of short-term regulatory changes...

8. 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...

9. 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...

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

    In Confidence Office of the Minister of Justice Cabinet Domestic Policy Committee Anti-Money Laundering and Countering the Financing of Terrorism AML/CFT Bill: Approval for Introduction Proposal 1 This paper seeks the Cabinet Domestic Policy Committee’s (the Committee) approval to final policy decisions on the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Bill, and the introduction of the AML/CFT Bill into the House. 2 The paper also see...