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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.