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1. Regulatory Systems Amendment Bill [pdf, 218 KB]

   ...operational name. 52. Permitting the Authority to prescribe certain forms and information requirements by notice, including application for licence, issue of licence, objections to issue of licence, renewal of licence, and temporary licence. Streamline administrative changes implemented by the Authority, rather than requiring a regulations- making process. 53. Expand the definition of behaviour that can be considered “unsatisfactory conduct” by removing the reference t...

2. AMLCFT Statutory Review Consultation Document [pdf, 1.2 MB]

   - Review of the AML/CFT Act Consultation Document Ministry of Justice October 2021 Important notice The opinions contained in this document are those of the Ministry of Justice and do not reflect official government policy. Readers are advised to seek specific legal advice from a qualified professional person before undertaking any action in reliance on the contents of this publication. The contents of this discussion document must not be con...

3. Information for customers and the public

   ...prevent and combat money laundering, by law some businesses have to ask their customers to confirm who they are and ask questions about their transactions. This helps detect crime and deters criminals from abusing New Zealand’s financial system. The AML/CFT public awareness campaign website provides basic information on New Zealand's anti-money laundering and countering financing of terrorism regime On this page: What is money laundering and financing of terrorism? Who does this affect?...

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   3. Tackling money laundering and terrorist financing

4. Ministerial Exemption Notice: Fletcher Building Retirement Plan [pdf, 216 KB]

   Ministerial exemption: Fletcher Building Retirement Plan 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 exempt the Trustee of the Fletcher Building Retirement Plan (the Plan), from the provisions of Part 2 of the Act in relation to services provided as Trustee of the Plan. 2 This exemption is granted subject to the following conditions: a....

5. Anti-money laundering efforts scoop excellence award

   ...Systems category of the Deloitte IPANZ Public Sector Excellence Awards 2018,’ says Rajesh Chhana, Acting Chief Executive and Secretary for Justice. The win was for implementing Phase 2 of the Anti-Money Laundering and Countering Financing Terrorism (AML/CFT) regulatory system. The Ministry received this award together with the Department of Internal Affairs, Reserve Bank of New Zealand, Financial Markets Authority, New Zealand Customs and Inland Revenue Department. Money laundering is the pro...

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6. GSFA Ministerial Exemption [pdf, 66 KB]

   ...financing (“ML/TF”) 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: e. The Authority must appoint an AML/CFT Compliance Officer in accordance with section 56(2) and (4) to oversee compliance with these conditions; and f. The Authority must inform the Ministry of Justice of any changes that may affect the exemption and/or conditions impos...

7. SSL Ministerial Exemption [pdf, 66 KB]

   ...this helps to identify suspicious activity. f. It is very difficult to receive a refund. These are only provided for tightly prescribed reasons. g. The transactions are subject to a chargeback, processed by the relevant New Zealand bank subject to AML/CFT obligations. The exemption comes into force on 30 June 2023. The exemption will expire on 30 June 2028. Any person wishing to provide comment on this notice should contact the Criminal Law Team at the Ministry of Justice by emailin...

8. Spark Foundation in relation to their online platform Givealittle [pdf, 75 KB]

   ...Donee is raising funds has no connection with any country which is high risk from a money laundering or terrorist financing (ML/TF) perspective. This must be determined in accordance with the Countries Assessment Guideline 2012 published by the AML/CFT supervisors; or c. in respect of other Donees, the total value of money paid to the Donee in any consecutive 12- month period is less than $1,000. This exemption is subject to the following conditions: a. The Spark Foundation must id...

9. What do you think of our Anti-Money Laundering laws?

   The Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act 2009 keeps Aotearoa New Zealand safe from money laundering and terrorism financing. By making it harder for criminals to launder money or finance terrorism, we also make profit-motivated crime, like selling drugs or defrauding people, less appealing. Money laundering affects all of us. It's happening every day across the country. It’s estimated that over $1 billion a year comes from drug dealing and fraud, and can be...

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10. Point of sale resources

    Point of sale resources “Point of sale” resources are available for businesses, which you can put on display and use to provide information to your customers about money laundering and terrorist financing. You can download these resources or share the links with others in your business or profession: A4 Brochure A4 Case study fact sheet A4 poster A3 poster You can use the JPG image below to embed in your marketing materials. To save this image, right click it with your mouse and choose "save

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    3. Tackling money laundering and terrorist financing >
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    5. AML/CFT supervision and support for businesses