National Library of New Zealand
Harvested by the National Library of New Zealand on: Feb 5 2011 at 7:02:09 GMT
Search boxes and external links may not function. Having trouble viewing this page? Click here
Close Minimize Help
Wayback Machine
The Department of Internal Affairs

The Department of Internal Affairs

Te Tari Taiwhenua

Building a safe, prosperous and respected nation

 

Anti-money laundering and countering financing of terrorism

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

New legislation

The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act) is currently expected to come into effect early 2013. The Department of Internal Affairs will be supervising 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.

Information for reporting entities

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
  • maintain and enhance New Zealand’s international reputation.