Updated Annual Reporting Guidance Published

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30 June 2021 

We have published two updated Annual Reporting guidance documents – one for Financial Institutions and Casinos (published in conjunction with the Financial Markets Authority and Reserve Bank of New Zealand), and one for Designated Non-Financial Businesses and Professions. The majority of updates in both user guides were added according to frequently asked questions we have received from reporting entities over the last annual report period.

The major changes to the Financial Institutions and Casinos Annual Report User Guide are:

  • The 2021 Version reflects the 2018 amendments to Schedule 2 of the Anti-Money Laundering and Countering Financing of Terrorism (Requirements and Compliance) Regulations 2011;
  • Additional guidance texts/definitions have been added to a few questions to improve clarity;
  • Minor formatting changes including the orientation of the document layout and the table formatting;
  • New definitions/wording has been incorporated into the guidance for products and services 32, 36 and 37 under question 6.2 according to the Financial Markets Conduct Act 2013.

The major changes to the Designated Non-Financial Businesses and Professions Annual Report User Guide are:

  • Addition of a 'before you begin' section that contains a list of information that is required to complete the annual report;
  • Additional guidance text has been added to improve clarity/definition of certain terms and questions. 

The updated guides can be found here: 

Annual AML/CFT Report for Designated Non-Financial Businesses and Professions:

(For Trust and Company Service Providers, Lawyers and Conveyancers, Accountants and Real Estate Agents)

Annual AML/CFT Report for Financial Institutions and Casinos:

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