Anti-Money Laundering and Countering Financing of Terrorism - Cabinet Paper 2 - Sept 2016 [pdf, 126 KB]
...implications 59. The early policy decisions set out in this paper do not have any further financial implications beyond the decisions already made. Cabinet will be informed of the financial implications of the Phase II reforms in more detail in October 2016. Human rights 60. The reforms are not expected to raise issues with the New Zealand Bill of Rights Act 1990. Legislative implications 61. An Amendment Bill will be required to implement the AML/CFT Phase II reforms. The Amendment Bill...