Anti-Money Laundering and Countering Financing of Terrorism Act 2009

16 October 2009

The purposes of this Act are

(a) to detect and deter money laundering and the financing of terrorism

(b) to maintain and enhance New Zealand’s international reputation by adopting, where appropriate in the New Zealand context, recommendations issued by the Financial Action Task Force

(c) to contribute to public confidence in the financial system

Accordingly, this Act facilitates co-operation amongst reporting entities, AML/CFT supervisors, and various government agencies, in particular law enforcement and regulatory agencies.

Read The Full AML/CFT Act