Jubilee Christian Charitable Trust

Date Made

Date signed: 2026-06-15

Sectors

Nonbank non-deposit taking lenders (NBNDTLs)

Enacting statement

In accordance with section 157 of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (“the Act”). The Associate Minister of Justice hereby gives notice that she has granted the following exemption from the Act: 

Ministerial Exemption: Jubilee Christian Charitable Trust 

Commencement date

This exemption comes into force on 2026-06-15

End date

This exemption will expire on 2031-06-15

Exemption

As the Associate Minister of Justice, and pursuant to section 157 of the Act, I exempt Jubilee Christian Charitable Trust (“Jubilee”) from the following provisions of the Act:  

1. 1. Sections 10 – 71 (inclusive) 

Conditions

This exemption is made subject to the following conditions: 

1. 1. Jubilee must remain a registered charity pursuant to the Charities Act 2005;
   2. Jubilee must maintain its familiarity with its customers, and the internal identity verification checks; and 
   3. Jubilee must inform the Ministry of Justice of any changes that may affect the exemption within 10 working days of when the change occurs.  

Statement of reasons

The exemption has been made for the following reasons:  

1. 1. There is a low risk of money laundering and terrorism financing through Jubilee because:
      1. Jubilee’s total money management and lending services operate domestically.
      2. Registered individual loans have a maximum limit of $2,000, are conducted through formal banking channels and are cashless.  
      3. Client payments are received directly from Work and Income, the client’s employer, or automatic payment from the client.  
      4. Clients are assessed for appropriateness for each service, and loans are granted for specific purposes to address the financial hardships the client experiences.  
   2. The obligations imposed on Jubilee would be disproportionate given the low risk of money laundering and terrorism financing.  
   3. The exemption granted has a low impact on the integrity of the anti-money laundering and countering financing of terrorism system in alignment with section 157 of the Act.  

Contact

Any person wishing to provide comment on this notice should contact the Anti-Money Laundering and Countering Financing of Terrorism Team at the Ministry of Justice by emailing amlcft.exemptions@justice.govt.nz. 

Corrigendum

Previous exemptions

Jubilee Christian Charitable Trust

Jubilee Christian Charitable Trust