Regulatory Alerts2022-05-17
Anti-Money Laundering and Countering Financing of Terrorism Information Pack
The New Zealand government issued this revised July 2017 information pack to explain the obligations imposed by the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 on designated reporting entities. The document details the requirements for businesses to implement risk assessments, establish AML/CFT programmes, and appoint compliance officers to detect and deter financial crimes. It further identifies the three primary supervisory agencies—the Reserve Bank of New Zealand, the Financial Markets Authority, and the Department of Internal Affairs—along with their respective jurisdictions and contact information for media inquiries.
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