The Department of Internal Affairs

Department of Internal Affairs | Te Tari Taiwhenua

Building a safe, prosperous and respected nation



 

Information for Entain New Zealand Limited

Guide to complying with the Anti-Money Laundering and Countering Financing of Terrorism Act - July 2026

This factsheet and quick start guide has been developed to inform AML/CFT reporting entities of their obligations under the Act and provide guidance on how to comply with those obligations.

Factsheet:

Quick Start Guide:

AML/CFT Reportng Entity Quick Start Guide - Click on image to open or download PDF (1MB)

Guidance for Implementing New Customer Risk-Rating

The Department has released new guidance to assist reporting entities in establishing a customer risk-rating system for new customers, as required under the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act 2009 (the Act).

Effective from 1 June 2025, reporting entities must keep a record of the customer's risk rating, review the rating when conducting ongoing customer due diligence and account monitoring, and should update the rating where appropriate.

Entain New Zealand Limited Guidance

This guide is designed to help Entain New Zealand Limited develop an understanding and meet their obligations under the Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act).

On 1 August 2020, the main provisions of the Racing Industry Act 2020 came into force. Through the Act, TAB New Zealand was established as the sole betting provider for racing and sports in New Zealand. In July 2023, TAB New Zealand and Entain New Zealand Limited (Entain) entered into a partnership agreement making Entain a reporting entity under the AML/CFT Act.

Any reading of our guidance which states the New Zealand Racing Board (NZRB), the Racing Industry Transition Agency (RITA), or TAB New Zealand should be read as Entain New Zealand Limited.

Developing your Risk Assessment and Programme (updated July 2026)

Risk Assessment Guidance (updated June 2026)

The AML/CFT Risk Assessment Guidance is designed to help reporting entities conduct a risk assessment, as required under section 58 of the AML/CFT Act.

A risk assessment is the first step a business must take before developing an AML/CFT programme. It involves identifying and assessing the risks the reporting entity reasonably expects to face from money laundering and terrorism financing. Once a risk assessment is completed, a reporting entity must then put in place an AML/CFT programme that manages and mitigates these risks.

AML/CFT Programme Guidance (updated June 2026)

The guidance is designed to help reporting entities develop their AML/CFT programme as required under section 56 of the AML/CFT Act.

Developing an AML/CFT programme is the next step after conducting a risk assessment. It involves developing the procedures, policies and controls to manage and mitigate money laundering and terrorism financing risks. A reporting entities AML/CFT programme must be based on their risk assessment.

Terrorism Financing Risk Summary

Reporting entities must identify, assess, and mitigate their TF risks through their compliance programme. This risk summary provides an overview of Terrorism Financing risk factors relating to sectors supervised by the Department of Internal Affairs.

New Zealand remains exposed to Terrorism Financing risk; even small-scale financing within New Zealand could have significant impact. Terrorism financiers may manipulate New Zealand structures using methods similar to money launderers.

Designated Non-Financial Businesses and Professions and Casinos Sector Risk Assessment – December 2019

The Designated Non-Financial Businesses and Professions and Casinos Sector Risk Assessment (DNFBP SRA) is a review of the characteristics of the sectors covered by the AML/CFT Act - lawyers, conveyancers, accountants, real estate agents, high value dealers and the New Zealand Racing Board. The SRA is intended to help the Department to understand the money laundering and terrorism financing risks across these sectors and assist reporting entities by providing guidance on the specific risks and vulnerabilities relevant to their business.

Customer due diligence

In this section:

Beneficial Ownership Guidance (updated July 2026)

A key task in meeting the requirements of the AML/CFT Act is to identify and verify customers’ beneficial ownership arrangements. This guidance is to assist reporting entities in meeting the requirement to perform customer due diligence on the customer and beneficial owners of the customer.

Customer Due Diligence: Companies Guidance (updated July 2026)

Customer Due Diligence: Trusts Guidance (updated July 2026)

Customer Due Diligence: Limited Partnerships Guidance (updated July 2026)

Customer Due Diligence Guidance (updated July 2026)

The customer due diligence guidance documents are designed to help reporting entities to understand the identification and verification requirements for different types of customers. These guidance documents should be read in conjunction with the beneficial ownership and enhanced customer due dilligence guidance.

The Customer Due Diligence: Companies and Customer Due Diligence: Limited Partnerships Guidance assists reporting entities to understand and implement the requirement to undertake customer due diligence for nominee directors and nominee general partners. 

Enhanced Customer Due Diligence Guidance (updated June 2026)

This guidance assists you to conduct enhanced customer due diligence (EDD) on your customers under the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act 2009 (the Act).

Enhanced Customer Due Diligence Guidance (PDF, 700KB)

Outsourcing to a Third-Party Agent (updated July 2026)

This guidance is intended to help reporting entities to understand the money laundering and terrorism financing risks and responsibilities associated with outsourcing their AML/CFT obligations to a third-party agent.

Identity Verification Code of Practice

Identity Verification Code of Practice 2026

A new Identity Verification Code of Practice has been published under the Anti Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act). The new Code commences on 1 July 2026.

Annual reports

In this section:

Annual Reports for Financial Institutions and Casinos - updated June 2021

The annual report is a requirement under section 60 of New Zealand's Anti-Money Laundering and Countering Financing of Terrorism Act 2009.

The User Guide: AML/CFT Report is designed to help reporting entities complete their annual reports. The form and content of the annual report is prescribed inthe Anti-Money Laundering and Countering Financing of Terrorism (Requirements and Compliance) Amendment Regulations 2017 – see schedule 2.

Annual Reports for Designated Non-Financial Businesses or Professions (DNFBPs) - updated June 2021

The annual report is a requirement under section 60 of The AML/CFT Act. This User Guide for Annual AML/CFT Reports for DNFBPs is designed to help reporting entities who fall under the definition of “designated non-financial business or profession” to complete their annual reports. The form annual report is prescribed in the Anti-Money Laundering and Countering Financing of Terrorism (Requirements and Compliance) Amendment Regulations 2017 – see schedule 2A. 

Audit Guidance (updated July 2026)

An independent audit must be conducted every three years, unless you are notified by your AML/CFT supervisor that a four-year timeframe applies, or at any other time at the request of your AML/CFT supervisor. 

This guidance is designed to support reporting entities to: 

  • understand the AML/CFT audit requirements under the AML/CFT Act; and 
  • undertake an effective and credible audit of their risk assessment and AML/CFT programme. 

This guidance will also be useful to persons who perform audits of risks assessments and AML/CFT programmes of reporting entities. 

NZ Police Financial Intelligence Unit National Risk Assessment

The Financial Intelligence Unit of the New Zealand Police has released the National Risk Assessment (NRA) and a support document under the AML/CFT Act 2009.

The NRA is designed principally for the use of the Ministry of Justice, AML/CFT supervisors, and the New Zealand Customs Service. The NRA may also be useful to reporting entities in understanding the broader picture of money laundering and terrorist financing risks at a national level.

The NRA can be found on the Police website.

Wire transfer and prescribed transaction reporting

Guidance: Wire transfers and prescribed transaction reporting (updated July 2026)

This guidance is intended to support reporting entities to meet their wire transfer and prescribed transaction reporting obligations under the AML/CFT Act.

Wire transfer requirements for designated non-financial businesses or professions (updated July 2026)

The Department has produced guidance for DNFBPs with trust accounts relating to wire transfers and prescribed transaction reporting following the new regulations that took effect on 31 July 2023.  Any DNFBP with a trust account should ensure it understands the requirements set out in this guidance.

Country Risk and Sanctions (updated July 2026)

Assessing Country Risk Guidance

This guidance is designed to help reporting entities supervised by DIA who deal with other countries:

  • assess the money laundering and terrorism financing risks related to those countries
  • determine whether a country has insufficient AML/CFT systems or measures in place
  • assess whether another person or entity is resident in a country with sufficient AML/CFT systems or measures in place and/or is supervised or regulated for AML/CFT purposes
  • determine whether another entity is sufficiently supervised and monitored by a banking supervisor
  • manage and mitigate the ML/TF risks associated with those countries.

Russia Sanctions

May 2024 Update

New guidance for circumstances where a duty holder has frozen the assets or blocked transactions of a customer under the Russia Sanctions Act 2022, where a duty holder may wish to provide a justification to their customer for their actions.

New Guidance note: For Russian Sanctions Act duty holders (PDF, 100KB)

September 2023 Update

Duty holders for AML/CFT purposes are also duty holders under the Russia Sanctions Act 2022. The Act imposes three types of obligation on duty holders.

Read more here: Russia sanctions update for DIA- duty holders

March 2022 Update

Te Tari Taiwhenua Department of Internal Affairs, the Financial Markets Authority and Reserve Bank of New Zealand have issued this joint guidance for reporting entities in relation to the Russia Sanctions Act 2022: Impact of Russia Sanctions on AML/CFT reporting entities (PDF, 429KB)

More information on the 2022 update can be found here: Russia Sanctions Act

NZ Financial Intelligence Unit (FIU)

Please visit https://fiu.police.govt.nz if you require goAML assistance with:

  • How to register a new entity
  • How to register a new user to an existing entity
  • Useful frequently asked questions

Once logged into goAML further guidance and e-learning training is available by selecting the “?” icon on the blue task bar.

For further information go to:

Frequently Asked Questions