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1. Putting the heat on money laundering

   ...It’s estimated that over $1 billion a year comes from drug dealing and fraud, and can be laundered through New Zealand businesses. The changes – which bring in "Phase 2" of New Zealand’s Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act – put in place measures to protect businesses, detect crime and deter criminals from abusing New Zealand’s financial system. What is money laundering? Money laundering is the process criminals use to hide the money they make fro...

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2. BORA Anti-Money Laundering and Countering Financing of Terrorism Bill [pdf, 313 KB]

   ...(PCO12951/9.0) for consistency with the New Zealand Bill of Rights Act 1990. 2. According to the explanatory note the purpose of the Bill is to enhance New Zealand's framework for anti-money laundering measures and countering the financing of terrorism (AML/CFT) so as to progress compliance with the Financial Action Task Forces (FATF) recommendations. The Bill aims to improve the detection and deterrence of money– laundering and the financing of terrorism, thereby enhancing our inte...

3. Report highlights New Zealand's effectiveness in combating criminal business and finance terrorism

   ...our tools, including strengthening anti-money laundering systems, to make this the hardest place to do criminal business,” Mr Hill said. FATF assessed the effectiveness of the New Zealand Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) system across the public and private sectors. Among the report’s findings were: New Zealand has a robust understanding of its money laundering and terrorist financing risks. Our law enforcement agencies regularly use financial intelli...

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4. CGE Ministerial Exemption [pdf, 79 KB]

   ...money laundering or terrorism financing is appropriate for CGE, for the following reasons: a. CGE has a very small customer base, with most of those customers being charities. b. Some of its customers are themselves reporting entities under the AML/CFT Act. c. The cash is moved from New Zealand to Australia. Australia has its own AML/CFT regime which will monitor transactions coming into Australia. All transactions are then processed through registered banks which also have their...

5. moj Hindi FAQ 05102021 v08 [pdf, 3.3 MB]

   ...इस कानून को सही रूप स े तयैाि क्कया ह?ै एटंी-मनी लांडरिगं एडं काउटंरिगं फायनेंधसगं ऑफ टिेोरिज़्म (AML/ CFT) अधधक्नयम 2009 नू्जीलैंड को मनी लांडरिगं औि आतकंवाद के ववत्पोषण (पसैा लगाने) स ेसतुिक्क्त िख...

6. Anti-Money Laundering Laws Reviewed

   ...that can effectively detect and deter money laundering and terrorism financing. However, there were also some issues that we considered prevented the regime from being the best it can be for New Zealand. Most significantly, the report found that the AML/CFT regime was not sufficiently risk based, in that efforts by agencies and businesses were not always prioritised towards areas of highest risk. In addition, aspects of the AML/CFT regime were not always sufficiently resourced, according to fee...

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7. LCRO 60/2023 VE v NB (30 April 2025) [pdf, 244 KB]

   ...privilege/duty of confidentiality by discussing our matter with VE’s brother, OJ, in circumstances where he was not authorised to do so; f. Whether Mr NB failed to adequately carry out his obligations regarding verification of client identity for AML/CFT purposes; and g. Whether in light of his 11 November 2021 email advice that fees would be written off, invoices rendered on 12 November 2021 are excessive, unfair and unreasonable. Mr NB’s reply [12] Mr NB provided a detailed r...

8. Draft anti-money laundering laws released

   ...will be affected by proposed reforms to anti-money laundering rules can have their say on a new draft law. The Government announced in June that it would fast-track the second phase of the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act. The Act currently covers a range of financial services and casinos. Phase 2 will extend it to cover many lawyers, accountants, real estate agents, some business that deal in expensive goods, and sports and racing betting. An exposure d...

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9. [2024] NZREADT 48 – CAC2105 v Chen, Stevenson & Buy West Realty (18 December 2024) [pdf, 565 KB]

   ...marketing submissions) to identify the marketing and advertising costs to be spent by vendors, including in-house charges for technology fees and checks for compliance with the Anti-Money Laundering and Countering and Financing of Terrorism Act 2008 (AML). 1 The particulars of the charge, attached to this decision, refer to annexures which identify various properties relevant to these charges. In the interests of the property owners concerned, the Tribunal has omitted those annexures...

10. 27-Sept-2022-Redacted-SAR-for-publication-suggested-redactions2.pdf [pdf, 5.6 MB]

    ...risks in the high-value dealers sector. 4 This data may be impacted by a range of factors, including the difficulties in identifying offenders, whether the offence occurs in the context of a gang convoy. 5 The current definition of cash in the AML/CFT Act includes both physical currency and bearer negotiable instruments (e.g. cheques and bearer bonds); this definition would be used as a starting point with the intent of expanding it to include gold bars and ingots. s6(c) RE LE...