New regulation for nominee directors and nominee general partners

13 July 2021

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On 9 July 2021 The Anti-Money Laundering and Countering Financing of Terrorism (Requirements and Compliance) Amendment Regulations 2021 came into force. The statement below provides clarification on the obligation to undertake customer due diligence for nominee directors and nominee general partners.

The Department of Internal Affairs, Financial Market Authority and Reserve Bank of New Zealand will provide assistance on compliance, raising awareness and understanding the new regulations.

New regulation for nominee directors and nominee general partners (PDF, 364KB)