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1. Otago Standards Committee v Stewart [2016] NZLCDT 28 [pdf, 77 KB]

   ...Escrow account” are set out as follows: • “Account can be open in 48 hours. • Due Diligence is done by the lawyer and us not the bank and money is accepted by our preferred lawyer on our certification that it has been cleared under our AML policy. • Account can be completely confidential. • No limit to quantum of funds sent. • Cannot be frozen or arrested by the bank because it is a part of a lawyer’s trust ledger and therefore regulated by the law society not banks...

2. Regulatory Impact Statement all-of-Government Response to Organised Crime [pdf, 331 KB]

   ...Nations and with respect to the United States’ Trafficking In Persons Report. Collection and monitoring of international funds transfers data Status quo and problem 80. The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act), which comes into force in June 2013, enhances the existing regime and establishes a new supervisory regime to better detect, deter and investigate funds related to organised and financial crimes. 81. In the six month period...

3. AMLCFT Stat Review Factsheet [pdf, 1.7 MB]

   ...the best they can be? In July, the Government asked the Ministry of Justice to review our anti-money laundering laws. This review allows us to ask ourselves: have we got this right? The Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act 2009 keeps 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...

4. The Board of Trustees of the National Provident Fund [pdf, 78 KB]

   ...Act; h. If any voluntary contributions are received from international sources, the following sections of the Act apply to such contributions: i. Section 10–17; ii. Section 48A–48C; and iii. Section 49. i. The Board must appoint an AML/CFT Compliance Officer in accordance with section 56(2) and (4) of the Act to oversee compliance with these conditions; j. The Board is required to report annually on the Board’s compliance with the conditions of the exemption, in line w...

5. LCRO 227/2020 & LCRO 34/2021 PA v NL and UL (22 February 2022) [pdf, 209 KB]

   ...complaints.3 Briefly, her complaints are: Complaint 20775/6 • Mr UL misled the review officer in LCRO 02/2009. • “Being a party to a sale and purchase agreement when not legally named on the property title.” • “Flouting the AML laws.”4 • “Misleading the Real Estate Agents Authority.” • Giving false information to the liquidator of [123] Trustees Limited. • Witnessing the signature of “an unauthorised signatory for [123] Trustees Limited”. ...

6. Skipper v Gibson - Ngāti Tawhirikura Hapū Charitable Trust (2025) 498 Aotea MB 148 (498 AOT 148) [pdf, 415 KB]

   ...the trust (and its purpose and focus) may exist as long as the Ngāti Tāwhirikura hapū exist.29 [65] The nature and extent of control by those that hold the beneficial estate is something that is front and centre in the Anti-money laundering (AML) context. Guidelines have recently been produced to support reporting entities in meeting requirements and to understand their obligations to conduct due diligence on the beneficial owners of their customers per the AML legislation and r...

7. Crown Infrastructure Partners Limited CIP [pdf, 88 KB]

   ...remain subject to suspicious activity reporting obligations, and the Encumbrance Model is structured so that the risk of money laundering/terrorism financing is low, the exemption does not derogate from the integrity of, and compliance with, the AML/CFT regulatory regime. This exemption comes into force on 14 November 2019. This exemption will expire on 31 October 2024. Any person wishing to provide comment on this notice should contact the Terrorism and Law Enforcement Stewardshi...

8. FSSI Ministerial Exemption [pdf, 93 KB]

   ...“depositors”. The exemption comes into force the day after publication. The exemption will expire on 17 January 2028. Any person wishing to provide comment on this notice should contact the Criminal Law Team at the Ministry of Justice by emailing amlcft.exemptions@justice.govt.nz. mailto:amlcft.exemptions@justice.govt.nz

9. Information for customers and the public

   ...to violent causes and to disguise who is providing and receiving the money. For more information, see: What is money laundering and terrorist financing? Back to top Who does this affect? The Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act covers a wide range of businesses. Banks, casinos and other financial providers have been subject to the Act since 2013 and in 2017 it was extended to include real estate agents and conveyancers; many lawyers and accountants; some hig...

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   1. Justice sector & policy >
   2. Key initiatives >
   3. Tackling money laundering and terrorist financing

10. Justice Matters - issue 01 - December 2015 [pdf, 2.8 MB]

    ...household offences. More information about the NZCASS survey and its findings can be found at justice.govt.nz/ crime-and-safety-survey New anti-money laundering policy The Ministry of Justice will start formulating new anti-money laundering (AML) policy early next year. During this phase two of the AML reforms, the ministry will solicit feedback from the public and private sectors. The reforms, along with the passing of the Organised Crime and Anti-corruption Legislation Bil...