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1. Regulatory Impact Statement: Second phase of reforms to the Anti-Money Laundering and Countering Financing of Terrorism regime [pdf, 1.6 MB]

   ...Disclosure Statement 1. This Regulatory Impact Statement (RIS) has been prepared by the Ministry of Justice. The RIS provides an analysis of options to enhance and extend New Zealand’s anti-money laundering and countering financing of terrorism (AML/CFT) regime. Previous decisions have limited the scope of the options considered 2. In June 2016, Cabinet agreed to progress the second phase of the reforms with a view of enacting the reforms by July 2017. In September 2016, Cabinet ag...

2. Tackling money laundering and terrorist financing consultation [pdf, 321 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 Contents Contents .......................................................................................................................................... 2 Glossary ........................................................................................................................................

3. Class exemptions for managing intermediaries information sheet [pdf, 644 KB]

   ...understand the Anti-Money Laundering and Countering Financing of Terrorism (Class Exemptions) Amendment Notice (No 2) 2015 (Managing Intermediaries Exemption). Overview Under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act), reporting entities have customer due diligence (CDD) obligations to identify and verify the identity of their customers, the people acting on behalf of their customers, and any ‘beneficial owners’ of their customers. Pr...

4. OIA-Anti money Laundering and Countering the Financing of Terrorism Act [pdf, 5.3 MB]

   ...of 17 November 2024, to the Ministry of Justice (the Ministry) requesting, under the Official Information Act 1982 (the Act), information regarding the amendments to the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (the AML/CFT Act). Specifically, you requested: Please provide me with all the documents that you can release with regards to the Statutes Amendment Bill and the other bill with regards to amendments to the AML/CFT Act, mentioned in the below p...

5. Anti-Money Laundering Laws Reviewed

   ...that can effectively detect and deter money laundering and terrorism financing. However, there were also some issues that we considered prevented the regime from being the best it can be for New Zealand. Most significantly, the report found that the AML/CFT regime was not sufficiently risk based, in that efforts by agencies and businesses were not always prioritised towards areas of highest risk. In addition, aspects of the AML/CFT regime were not always sufficiently resourced, according to fee...

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6. Draft anti-money laundering laws released

   ...will be affected by proposed reforms to anti-money laundering rules can have their say on a new draft law. The Government announced in June that it would fast-track the second phase of the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act. The Act currently covers a range of financial services and casinos. Phase 2 will extend it to cover many lawyers, accountants, real estate agents, some business that deal in expensive goods, and sports and racing betting. An exposure d...

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7. AMLCFT-Proactive-Release-FINAL.pdf [pdf, 2.6 MB]

   Hon Kiri Allan Minister of Justice Proactive release – Documents relating to Implementing the recommendations of the AML/CFT statutory review Date of issue: 22 March 2023 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 Information Act 1982 (OIA), be released. Where that is the case, the relevant sectio...

8. RIS Regulatory Systems Justice Amendment Bill package [pdf, 1.3 MB]

   Page 4 of 47 UNCLASSIFIED UNCLASSIFIED Glossary, Acronyms and Abbreviations Acronym Meaning AML/CFT Anti-Money Laundering and Countering Financing of Terrorism AML/CFT Act Anti-Money Laundering and Countering Financing of Terrorism Act 2009 CDA Criminal Disclosure Act 2008 CIPU Complaints, Investigation and Prosecution Unit CPD Continuing Professional Development DIA Department of Internal Affairs FATF Financial Action Task Force FMA Financial Markets Au...

9. Reporting suspicious activities

   If businesses notice things that are potential signs of money laundering or financing of terrorism, they need to report that information to Police. Recent reporting changes affect all businesses that currently – or will – have to comply with the AML/CFT laws. On this page: Suspicious transaction reports Suspicious activity reports How do I know if something is suspicious? Prescribed transaction reports What are the rules for businesses that deal in high value goods? How do I submit a report...

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10. Flyer and Factsheet Traditional Chinese [pdf, 3.3 MB]

    ...重損害我們金融體系的犯罪。 我們的反洗錢法已經完善了嗎？ 政府在7月間要求司法部檢視我們的反洗錢法。這項檢 視讓我們問自己：我們做對了嗎？ 『2009年反洗錢和打擊資助恐怖主義法案』(AML/ CFT) 使紐西蘭免受洗錢和恐怖主義融資的侵害。通過 讓犯罪分子更難洗錢或資助恐怖主義，我們也降低了以 營利為目的的犯罪活動，例如販賣毒品或詐騙他人。 洗錢影響到我們�...