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AML / CFT Anti-money laundering and countering financing of terrorism AML/CFT Programme Guideline 2 What is this guideline for? 1. This guideline is designed to help reporting entities develop their AML/CFT programme. 2. If you are a reporting entity as defined in section 5 of the A...
In Confidence Office of the Minister of Justice Cabinet Domestic Policy Committee Anti-Money Laundering and Countering the Financing of Terrorism AML/CFT Bill: Approval for Introduction Proposal 1 This paper seeks the Cabinet Domestic Policy Committee’s (the Committee) approval to final policy decisions on the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Bill, and the introduction of the AML/CFT Bill into the House. 2 The paper also see...
AML/CFT ‘Early’ Regulatory Package Exposure Draft of the regulations February 2023 AML/CFT ‘Early’ Regulatory Package: Exposure Draft February 2023 Overview The Ministry of Justice has concluded its statutory review of the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act 2009 and broadly found that the Act provides a sound regulatory regime that provides the basis to detect and deter money laundering and terrorism financin...
AML/CFT ‘Early’ Regulatory Package Exposure Draft of the regulations February 2023 AML/CFT ‘Early’ Regulatory Package: Exposure Draft February 2023 Overview The Ministry of Justice has concluded its statutory review of the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act 2009 and broadly found that the Act provides a sound regulatory regime that provides the basis to detect and deter money laundering and terrorism financin...
...of the Minister of Justice ANTI-MONEY LAUNDERING AND COUNTERING FINANCING OF TERRORISM REFORMS: PHASE II Proposal 1. To progress the second phase of reforms to New Zealand’s anti-money laundering and countering financing of terrorism (AML/CFT) regime, I seek Cabinet’s agreement to: 1.1. the early policy decisions outlined in this paper; 1.2. grant me a limited Power to Act to make some further decisions to progress the early decisions; 1.3. issue drafting...
...SETTING THE STRATEGIC DIRECTION FOR NEW ZEALAND’S ANTI-MONEY LAUNDERING AND COUNTERING FINANCING OF TERRORISM REGIME Proposal 1. This paper seeks your agreement to a National Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Strategy setting the strategic direction for New Zealand’s AML/CFT regime. The Strategy will coordinate efforts across government and the private sector and guide prioritisation of work to improve the regime. 2. This paper also brin...
...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...
...Information Act 1982 (OIA), be released . Where that is the case, the relevant section of the OIA has been noted and no public interest has been identified that would outweigh the reasons for withhold ing it. No. Document Comments 1. Proposals for an AML/CFT legislative Some information has been withheld in work programme accordance with the following sections of the OIA: Cabinet paper • section 9(2)(d) to avoid prejudice to the Office of the Associate Minister of Justice substantia...
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 ........................................................................................................................................
Phase 2 AML/CFT Reforms Exposure draft amendment Bill Information Paper December 2016 About this paper The Government is finalising details of how to implement Phase 2 of the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) law, and how the law will work in practice. These details are set out in the exposure draft of the Anti-Money Laundering and Countering Financing of Terrorism Amendment Bill (see Appendix 3). Phase 1 of...