Annual AML/CFT Report

Overview

Frequently asked questions

How do I submit an annual AML/CFT report?

This year you will be able to complete your annual AML/CFT report online using AML Online. AML Online is a new secure platform for businesses to engage with DIA online. AML Online will be available in time for this year’s annual reporting.

See AML Online for more information and how to logon.

If, for whatever reason, you are unable to complete or upload your annual AML/CFT report, please contact us at amlcft@dia.govt.nz before the 31 August deadline.


What is the annual AML/CFT report?

  • All reporting entities supervised by Internal Affairs must complete an annual report of their risk assessment and Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) programme It covers the reporting period from 1 July 2018 – 30 June 2019. A range of sectors joined us during this reporting period, and these new sectors reporting periods will vary based on when they needed to comply under the Act: For lawyers and conveyancers your reporting period is 1 July 2018 – 30 June 2019.
  • A range of sectors joined us during this reporting period. The relevant reporting period varies depending on when their obligations under the Act commenced.
    • For law firms and conveyancers your reporting period is 1 July 2018 – 30 June 2019.
    • For the accountancy sector your reporting period is 1 October 2018 – 30 June 2019.
    • For real estate agents your reporting period is 1 January 2019 – 30 June 2019.
    • For all other sectors the reporting period is 1 July 2018 – 30 June 2019.

You should use your annual AML/CFT report as a way to review and update the status of your risk assessment and AML/CFT programme. Your annual report also helps DIA, as your supervisor, to get to know your business better.

When is it due?

The annual AML/CFT report for the 2018/2019 period must be submitted any time between 1 July and 31 August 2019.

In accordance with s60(3) of the AML/CFT Act 2009, the AML/CFT supervisors have appointed 31 August 2019 as the time at which reporting entities must provide the annual report.

What does the annual AML/CFT report cover?

The annual AML/CFT report covers five broad topics:

  • Part 1 – Business contact details and organisation structure
  • Part 2 – Designated Business Group, AML/CFT risk assessment and AML/CFT programme
  • Part 3 – Products and services, customers and channels
  • Part 4 – AML/CFT supervisor-specific questions
  • Part 5 – Compliance with exemptions

Schedule 2 of the AML/CFT (Requirements and Compliance) Regulations 2017 determines the content for the annual AML/CFT report for financial institutions and casinos.

Schedule 2A of the AML/CFT (Requirements and Compliance) Regulations 2017 determines the content for the annual AML/CFT report for designated non-financial businesses and professions.

For a list of questions and guidance refer to the annual reporting user guides:

These user guides are also available under “Annual Reporting” on your business sector page.

How will the information be used?

Annual AML/CFT reports help us understand how businesses:

  • meet their AML/CFT obligations
  • assess and lessen their risk of money laundering and terrorist financing
  • manage their financial activities.

Who must submit an annual AML/CFT report?

Reporting entities must submit an annual AML/CFT report to the appropriate AML/CFT supervisor.

The Department of Internal Affairs supervise a range of businesses under the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) legislation.

The types of businesses that must submit an annual AML/CFT report to Internal Affairs are:

  • accountants
  • bookkeepers
  • cash transport providers
  • casinos
  • conveyancers
  • factoring providers
  • financial leasing providers
  • law firms
  • lawyers
  • money changers
  • non-bank non-deposit taking lenders
  • non-bank credit card providers
  • payment providers
  • payroll providers
  • remittance providers
  • real estate agents
  • safe deposit box providers
  • stored value card providers
  • tax pooling providers and
  • trust and company service providers

What happens if I don't submit an annual AML/CFT report?

If you do not submit an annual AML/CFT report, compliance action may be taken against you. 

What happens if I supply false or misleading information?

Penalties may apply if false or misleading information is supplied.

Can I have an extension for submitting my annual AML/CFT report?

No. Internal Affairs is unable to grant any extensions.

Am I exempt from submitting an annual AML/CFT report?

If you have a full exemption from the AML/CFT Act, you do not need to submit an annual AML/CFT report. 

If you have a partial exemption, you may be required to submit an annual AML/CFT report. 

If you do not know whether you need to submit an annual AML/CFT report, please contact us at amlcft@dia.govt.nz

Can I create my own template to submit my annual AML/CFT report?

No. Please use AML Online to submit your annual report.

If you have any issues doing this, please let us know by contacting amlcft@dia.govt.nz. We will make sure you have options to allow you to submit your annual report.

Can I use a template provided by another supervisor to complete my annual AML/CFT report?

No. Please use AML Online to submit your annual report.

If you have any issues doing this, please let us know by contacting amlcft@dia.govt.nz. We will make sure you have options to allow you to submit your annual report.

Can I submit a handwritten report?

No. Please use AML Online to submit your annual report. If you have any issues doing this, please let us know by contacting amlcft@dia.govt.nz.

We will make sure you have options to allow you to submit your annual report.


Does each member of a designated business group (DBG) need to complete a separate annual AML/CFT form?

Yes. Each member of a DBG must complete a separate annual AML/CFT form, except as noted in Part Two (Questions 4-5) for reporting entities that are eligible members of a DBG.

If you are a member of a DBG, you may allow another member to answer Part Two on your behalf. However, please note that you are responsible for the information provided. If you are eligible, use the space provided in Part Two to specify this, together with the legal name and registered number of the member answering Part Two on your behalf. Then leave this Part blank and go to Part Three. You are required to answer all other parts of the form.

Who can I contact if I need help?

If you need help, or if you are unable to complete and submit your annual report in AML Online, please email us in the first instance.

Email: amlcft@dia.govt.nz

Alternatively, you can call us and ask to speak with someone in the AML Group. We're available Monday to Friday between 9am-5pm.

Freephone: 0800 25 78 87 (New Zealand only)

International phone: (+64 4) 495 7200

If you would like to speak to someone in a language that is not English, please use the numbers above and ask for Language Line and you will be linked to an interpreter on the telephone.