Regulatory Alerts2025-05-07
Guidance for the New Zealand Financial Crime Prevention Network Class Exemptions
The Reserve Bank of New Zealand issued this guidance to clarify the application of class exemptions under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 for members of the Financial Crime Prevention Network. It permits reporting entities to disclose suspicious activity report information to other FCPN members for law enforcement purposes, even before a formal report is submitted. The document specifies that such disclosures may be made orally in urgent situations but must be followed by written records, and covers the types of information and conditions required to remain compliant with statutory restrictions.
Share