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1. AMLCFT Statutory Review Final Report [pdf, 5.4 MB]

   ......................................................................................................... 249 7.4. Privacy and protection of information .................................................................... 253 Glossary of terms AML/CFT Anti-Money Laundering and Countering the Financing of Terrorism Act The AML/CFT Act 2009 AML/CFT supervisors The Department of Internal Affairs, the Financial Markets Authority, and the Reserve Bank of New Zealand, are the entitie...

2. AMLCFT Statutory Review Consultation Document [pdf, 1.2 MB]

   - Review of the AML/CFT Act Consultation Document Ministry of Justice October 2021 Important notice The opinions contained in this document are those of the Ministry of Justice and do not reflect official government policy. Readers are advised to seek specific legal advice from a qualified professional person before undertaking any action in reliance on the contents of this publication. The contents of this discussion document must not be con...

3. JPMorgan Ministerial Exemption [pdf, 64 KB]

   ...Exemption: JPMorgan Chase Bank, N.A (New Zealand Branch) Exempting JPMorgan Chase Bank, N.A (New Zealand Branch) (“JPMorgan”) from: a. Section 56(2) of the Act. The exemption is subject to the following conditions: a. The Australia-based AML/CFT compliance officer must administer and maintain the AML/CFT programmes of JPMorgan: b. The Australia-based AML/CFT compliance officer must report regularly and fully on all relevant AML/CFT compliance matters to JPMorgan’s senior manag...

4. AML/CFT Bill Background Information Document July 2009 [pdf, 122 KB]

   ...ANTI MONEY LAUNDERING AND COUNTERING FINANCING OF TERRORISM REFORM Background Information Document 16 July 2009 2 Information The Anti-Money Laundering and Countering the Financing of Terrorism Bill (the AML/CFT Bill) is currently before Parliament and is being considered by the Foreign Affairs, Defence, and Trade Parliamentary Select Committee. Submissions on the Bill should be provided to the Foreign Affairs, Defence, and Trade Parliamentary S...

5. Implementation of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 - Regulations and Codes of Practice - Discussion Document [pdf, 486 KB]

   ...Regulations and Codes of Practice DISCUSSION DOCUMENT February 2010 2 Table of Contents Information Section One – Introduction 5..........Purpose of this document 6..........The AML/CFT Act 7..........Regulatory regime 8..........Scope of the regulatory framework 9..........Commencement timeframes Section Two – Exemptions, inclusions and thresholds 10.........Exemptions 10.........Temporary exemptions...

6. OIA-111433.pdf [pdf, 4.9 MB]

   ...Page 18 of 34 RE LE AS ED U ND ER T HE O FF IC IA L IN FO RM AT IO N AC T 19 82 Page 19 of 34 IN CONFIDENCE Purpose 1. This briefing provides an introduction to the Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) system, and outlines how we can meet your priorities for system change. Key messages 2. As the Associate Minister of Justice (Firearms), you have been delegated responsibility for the administration of all AML/CFT legislation and regula...

7. Ministerial Exemption Notice: Travelex Financial Services New Zealand Ltd [pdf, 211 KB]

   Ministerial exemption: Travelex Financial Services NZ Ltd 1. In my capacity as the Associate Minister of Justice, and pursuant to section 157 of the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act 2009 (the Act), I grant Travelex Financial Services NZ Limited (Travelex NZ) an exemption from section 56(2) of the Act, in so far as the AML/CFT compliance officer must be an employee of the reporting entity. 2. This exemption is granted s...

8. AML phase II - Business compliance impacts [pdf, 491 KB]

   ...report should be read in conjunction with the disclaimers set out in the report, and, where applicable, the Statement of Responsibility. / Ministry of Justice | Introduction 1 1. Introduction 1.1. Background and context New Zealand’s AML/CFT regime is part of a suite of initiatives directed at combating transnational and organised crime. The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (the Act), which came into force on 30 June 2013, implemented P...

9. GSNZ Ministerial Exemption [pdf, 65 KB]

   ...from the Act: Ministerial Exemption: Goldman Sachs New Zealand Limited Exempting Goldman Sachs New Zealand Limited (“GSNZ”) from: a. Section 56(2) of the Act. The exemption is subject to the following conditions: a. The Australia-based AML/CFT compliance officer must administer and maintain the AML/CFT programme of GSNZ; b. The Australia-based AML/CFT compliance officer must report regularly and fully on all relevant AML/CFT compliance matters to the senior management of GSNZ;...

10. Exposure draft AML/CFT amendment bill [pdf, 270 KB]

    ...New section 49A inserted (Obligation to keep reports of suspicious activities) 21 49A Obligation to keep reports of suspicious activities 21 18 Section 51 amended (Obligation to keep other records) 21 19 Section 57 amended (Minimum requirements for AML/CFT programmes) 22 20 Section 59 replaced (Review and audit of risk assessment and AML/CFT programme) 22 59 Review and audit of risk assessment and AML/CFT programme 22 59A Audit of compliance with AML/CFT obligations 22 59B Who carries o...