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1. Keep our money clean: Case study factsheet [pdf, 5.8 MB]

   ...them to deposit the cash from the loan into their lawyer’s trust account and to hold the funds on behalf of the shell company. The drug dealers had effectively involved two lawyers in a money laundering scheme which was structured to avoid AML/CFT controls in the banking sector. The funds appeared to be legitimate and seemed to have come from offshore. A man deposited the total purchase price for a house, in cash, with his lawyers well before the sale price was agreed. Th...

2. The Government Superannuation Fund Authority [pdf, 76 KB]

   ...laundering/terrorism financing 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; g. The Authority must appoint an AML/CFT Compliance Officer in accordance with section 56(2) and (4) to oversee compliance with these conditions; and h. The Authority must inform the Ministry of Justice of any changes that may affect the exemption within 10 wo...

3. GN Fonterra Farmer Custodian Limited 2023 go179 [pdf, 32 KB]

   ...publication. 5. The exemption will expire on 17 January 2028. 6. Any person wishing to provide comment on this notice should contact the Criminal Law Team at the Ministry of Justice by emailing exemptions@justice.govt.nz. NEW ZEALAND GAZETTE 1 mailto:amlcft.exemptions@justice.govt.nz Ministerial Exemptions Under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 Ministerial Exemption: Fonterra Farmer Custodian Limited

4. 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...

5. CIS Ministerial Exemption [pdf, 66 KB]

   Ministerial Exemptions Under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 In accordance with section 157 of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (“Act”), the Associate Minister of Justice granted the following exemption from the Act: Ministerial Exemption: Computershare Investor Services Limited 1. As the Associate Minister of Justice and pursuant to section 157 of the Act, I exempt Computershare Investor Services

6. Toi Foundation Ministerial Exemption [pdf, 65 KB]

   ...many years. 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

7. Toha Foundry Limited Gazette Notice [pdf, 139 KB]

   ...exemption comes into force on the 18 December 2024 This exemption will expire on 18 December 2029. Any person wishing to provide comment on this notice should contact the Terrorism and Law Enforcement Stewardship at the Ministry of Justice by emailing amlcft.exemptions@justice.govt.nz. mailto:amlcft.exemptions@justice.govt.nz Ministerial Exemptions Under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009

8. 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...

9. 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...

10. 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...