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1. Proactive Release - Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT): High-Value Dealer Regulations [pdf, 1.9 MB]

   © Crown Copyright, Creative Commons Attribution 4.0 International (CC BY 4.0) Hon Andrew Little Minister of Justice Proactive Release – Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT): High-Value Dealer Regulations Date of issue: 8 August 2019 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 Inf...

2. Ministerial Exemption Notice: Travelex Financial Services New Zealand Ltd [pdf, 211 KB]

   Ministerial exemption: Travelex Financial Services NZ Ltd 1. In my capacity as the Associate Minister of Justice, and pursuant to section 157 of the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act 2009 (the Act), I grant Travelex Financial Services NZ Limited (Travelex NZ) an exemption from section 56(2) of the Act, in so far as the AML/CFT compliance officer must be an employee of the reporting entity. 2. This exemption is granted s...

3. Exemption order Goldman Sachs NZ Limited [pdf, 51 KB]

   ...Justice and pursuant to section 157 of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (‘the Act’), I exempt the GSNZ Reporting Entities (as that term is defined in 2 below) from section 56(2) of the Act, in so far as the AML/CFT compliance officer must be an employee of the reporting entity. 2 ‘GSNZ Reporting Entities’ means: a. Goldman Sachs New Zealand Limited; and b. each company incorporated in New Zealand which is (i) directly or indirectly...

4. JPMorgan Ministerial Exemption [pdf, 64 KB]

   ...Exemption: JPMorgan Chase Bank, N.A (New Zealand Branch) Exempting JPMorgan Chase Bank, N.A (New Zealand Branch) (“JPMorgan”) from: a. Section 56(2) of the Act. The exemption is subject to the following conditions: a. The Australia-based AML/CFT compliance officer must administer and maintain the AML/CFT programmes of JPMorgan: b. The Australia-based AML/CFT compliance officer must report regularly and fully on all relevant AML/CFT compliance matters to JPMorgan’s senior manag...

5. Exemption order First State Investment NZ Limited [pdf, 27 KB]

   ...the Minister of Justice and pursuant to section 157 of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (‘the Act’), I exempt First State Investment (NZ) Limited (FSINZL) from section 56(2) of the Act in so far as the AML/CFT compliance officer must be an employee of the reporting entity. The exemption is made in this case to allow the AML/CFT compliance officer to be an employee of an Australian entity that is a member of the Commonwealth Bank of Australia g...

6. GSNZ Ministerial Exemption [pdf, 65 KB]

   ...from the Act: Ministerial Exemption: Goldman Sachs New Zealand Limited Exempting Goldman Sachs New Zealand Limited (“GSNZ”) from: a. Section 56(2) of the Act. The exemption is subject to the following conditions: a. The Australia-based AML/CFT compliance officer must administer and maintain the AML/CFT programme of GSNZ; b. The Australia-based AML/CFT compliance officer must report regularly and fully on all relevant AML/CFT compliance matters to the senior management of GSNZ;...

7. Exemption order shared compliance officers for members of a designated business group [pdf, 554 KB]

8. JPMorgan Chase Bank N.A. New Zealand Branch [pdf, 73 KB]

   ...exemption: JPMorgan Chase Bank, N.A (New Zealand Branch) Exempting JPMorgan Chase Bank, N.A (New Zealand Branch) (“JPMorgan”) from section 56(2) of the Act. This exemption is made subject to the following conditions: a. The Australia-based AML/CFT compliance officer must administer and maintain the AML/CFT programmes of JPMorgan; b. the Australia-based AML/CFT compliance officer must report regularly and fully on all relevant AML/CFT compliance matters to JPMorgan’s senior man...

9. Businesses that provide trust and company services

   Criminals often use trusts and companies to launder money. Legitimate businesses that provide trust and company services may be affected by changes to the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act. To help trust and company service providers understand the risks they face and build their compliance programmes, helpful guidance is available on the Department of Internal Affairs website. See the Codes of practice and guidance and the sector risk assessment...

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10. Terms of Reference for Stat Review Final [pdf, 115 KB]

    Review of New Zealand’s AML/CFT Framework Terms of Reference 1. Background The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (the AML/CFT Act) forms a significant part of New Zealand’s framework to combat money laundering, terrorism financing, and otherwise keep illicit funds out of the economy. The purposes of the Act are to: • detect and deter money laundering and terrorism financing; • to maintain and enhance New Zealand’s inter...