The Department of Internal Affairs

The Department of Internal Affairs

Te Tari Taiwhenua

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Annual Report Update

Reporting entities can find information about submitting annual reports on the
Annual AML/CFT Report page.

Newsletter

AML/CFT news banner

This is a newsletter of AML/CFT updates and issues for reporting entities, published by the Department of Internal Affairs' Financial Integrity team.

Please sign up to receive the newsletter by clicking on link to the subscribe form below.

Subscribe to AML/CFT news

If you have any problems, contact amlcft@dia.govt.nz or phone (04) 495 7211.

Latest issue

Since June 2014, AML/CFT News has moved to an electronic version. Read PDF versions below.

Frequently Asked Questions

Wire transfer provisions for informal or hawala money remitters

CDD information sheet: proof of identification

AML/CFT Engagement Survey Report

In April 2014 we surveyed the Department’s reporting entities.

Press Releases

A record of press releases issued by the Department of Internal Affairs' Financial Integrity team.


Media contact:

Consultations

Consultation on prescribed transaction reporting regulations

The Department would like to draw your attention to the Ministry of Justice (the Ministry) consultation currently taking place on the Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2015 (the Act) prescribed transaction reporting regulations. The purpose of this consultation is to help inform the Ministry during the development of regulations for prescribed transaction reporting.


Subpart 2A of the Act introduces new requirements for reporting entities to report “prescribed transactions” to the Financial Intelligence Unit (FIU). This builds on the Act’s existing “suspicious transaction” reporting requirements and will help mitigate the risk of money laundering and terrorist financing. In particular, the changes will make it more difficult for criminals to use multiple small transactions, multiple senders or multiple recipients to avoid detection.

The new legislation, including regulations, will come into force on 1 July 2017. To give reporting entities an adequate lead-in period, the Ministry intends to have the new regulations enacted by July 2016.

For more detailed information please take a look at the Ministry’s website.

The Department encourages you to have your say, but you will need to act fast. The deadline for submissions to the Ministry is 27 May 2016.

Practical implications of Reporting Entities transacting with other Reporting Entities and the Factsheet on Managing Intermediaries

The Financial Markets Authority published a consultation paper on 11 July 2013 concerning certain obligations under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (‘AML/CFT Act’). The paper dealt with the obligations of reporting entities that transact with other reporting entities.


17 submissions were received from market participants, industry bodies, law firms and consultants. All submissions will be published on the FMA website together with this update, except where submissions requested that they be kept confidential. The submissions have been considered by The Ministry of Justice (the Ministry responsible for the AML/CFT Act) and by FMA, Reserve Bank of New Zealand and The Department of Internal Affairs (the AML/CFT supervisors). This document is a joint update from the Ministry of Justice and the three AML/CFT supervisors.

General Correspondence

Annual Report Update - 31 July 2014

A copy of an email update for Department of Internal Affairs' reporting entities reminding them of the due date for Annual AML/CFT Reports.

Annual Report Update - 30 June 2014

A copy of an email update for Department of Internal Affairs' reporting entities explaining that their Annual AML/CFT Reports are due. This information is also available in Mandarin Chinese and Samoan.

Annual Report Update - 9 June 2014

A copy of an email update for Department of Internal Affairs' reporting entities on how they can submit their annual reports. This information is also available in Mandarin Chinese and Samoan.

Annual Report Update - 31 March 2014

A copy of an email reminder about the requirement for Department of Internal Affairs' reporting entities to submit an annual report by 31 August 2014. This information is also available in Mandarin Chinese and Samoan.

Introductory letter to reporting entities - 26 November 2010

Other Agency News and Events

No news or events at this time.


Roadshow Information

2012

The Department of Internal Affairs, the Financial Markets Authority and the Police Financial Intelligence Unit presented the 2012 AML/CFT Roadshow between 14 May and 8 June 2012.


The 2012 Roadshow was presented in two parts. Part One provided an introduction to the AML/CFT Act and covered the material that was presented in 2011. Part Two focused in more detail on selected topics related to compliance with the AML/CFT Act.

2011

The Department of Internal Affairs, the Financial Markets Authority and the Police Financial Intelligence Unit presented the 2011 AML/CFT roadshow between 15 August and 2 September 2011.


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