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1. 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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2. Information for businesses

   ...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.  There is more information at: Reporting suspicious activities AML/CFT ministerial exemptions The Minister of Justice can decide to grant an exemption from coverage by the AML/CFT Act under certain circumstances. For example, if a business faces low money laundering risks it may not be required to meet some or...

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   3. Tackling money laundering and terrorist financing

3. RIS Regulatory Systems Justice Amendment Bill package [pdf, 1.1 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...

4. 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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5. 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�...

6. Flyer and Factsheet Simplified Chinese [pdf, 3.3 MB]

   ...重损害我们金融体系的犯罪。 我们的反洗钱法已经完善了吗？ 7月，政府要求司法部审查我们的反洗钱法。这次审查 让我们问问我们自己：我们做对了吗？ 《2009 年反洗钱和打击资助恐怖主义法案》 (AML/ CFT) 使新西兰免受洗钱和恐怖主义融资的侵害。通过 让犯罪分子更难洗钱或资助恐怖主义，我们也降低了以 营利为目的的犯罪活动，例如贩卖毒品或欺诈。 洗钱影响到我�...

7. Working with others to reduce your anti-money laundering compliance costs

   ...down your compliance costs by working with others. If your business provides the types of services that criminals might use to launder money or finance terrorism, you have to comply with the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act. To find out if you’re covered by the Act and the measures you need to put in place, see the information specific to your business at: Tackling money laundering and terrorist financing For example, businesses that deal in high value...

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8. Putting the heat on money laundering

   ...It’s estimated that over $1 billion a year comes from drug dealing and fraud, and can be laundered through New Zealand businesses. The changes – which bring in "Phase 2" of New Zealand’s Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act – put in place measures to protect businesses, detect crime and deter criminals from abusing New Zealand’s financial system. What is money laundering? Money laundering is the process criminals use to hide the money they make fro...

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9. Previous consultations

   ...Punishment [2019] Have your say about access to official information [2019] Strengthening the Criminal Justice System for Victims survey [2019] Strengthening the family justice system [2019] Regulations to support high value dealers to comply with the AML/CFT Act [2019] Legal Aid Invoicing [2019] Legal Aid High Cost Case policy & Amendment to Grant form changes [2018] Rewriting the 2014 Family Justice System Reforms [2018] Korero Mai - Tell Us Your Story [2018] Information sharing guidance...

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   2. Have your say

10. Anti-Money Laundering and Countering Financing of Terrorism - Cabinet Paper 1 - June 2016 [pdf, 254 KB]

    ...through crime is made legitimate or ‘cleaned’ to conceal its criminal origins. The financing of terrorism often uses similar methods as those used for money laundering. New Zealand’s anti-money laundering and countering financing of terrorism (AML/CFT) regime aims to detect and support the recovery of these proceeds of crime so that criminals cannot enjoy the profits of their criminal activity, or reinvest it into further criminal conduct. 4. New Zealand’s AML/CFT regim...