Anti-money laundering and countering financing of terrorism

New Zealand $10, $20 and $50 bank notes

The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 came into full force on 30 June 2013.

The Department of Internal Affairs supervises casinos, non-deposit taking lenders, money changers, money remitters, payroll remitters, debt collectors, factors, financial leasors, safe deposit box vaults, non-bank credit card providers, stored value card providers and cash transporters.

Submit your Annual AML/CFT Report

Information for reporting entities

Information about AML/CFT Phase 2

Purpose of the Act

The purpose of the AML/CFT Act is to detect and deter money laundering and the financing of terrorism, contribute to public confidence in the financial system, and maintain and enhance New Zealand’s international reputation.

Go to the Ministry of Justice
The Ministry of Justice is responsible for drafting and administering AML/CFT legislation.
Go to the Reserve Bank of New Zealand
The Reserve Bank supervises banks, life insurers and non-bank deposit takers.
Go to the Financial Markets Authority
The Financial Markets Authority supervises issuers, supervisors, fund managers, brokers and custodians, financial advisers, and providers of licensed market services.
Go the New Zealand Police
The New Zealand Police Financial Intelligence Unit investigates suspicious financial transactions.

The Department of Internal Affairs

Te Tari Taiwhenua

Building a safe, prosperous and respected nation

Anti-money laundering and countering financing of terrorism

Purpose of the Act