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 laundered through New Zealand businesses.
While the anti-money laundering laws are very important, we know that it can make things harder to do or cause frustration. We want to hear about people’s experience dealing with anti-money laundering laws, such as when buying or selling a house or dealing with their bank.
Has it become harder for you to open or maintain bank accounts, or has it become harder or more expensive to send money to family and friends overseas? This could happen if you don't have easy access to documents that prove who you are, or where you live.
The Ministry invites you to to take part in the public survey about our anti-money laundering laws.
The survey closes on 3 December 2021 so you'll need to submit your views by then.