AML LEGISLATION & GUIDANCE

We've created a resource hub of all the most important AML legislative documents and guides from the Financial Markets Authority (FMA), Financial Action Task Force (FATF), Reserve Bank of New Zealand, and the Department of Internal Affairs so you have all the latest rules and regulations from authorities at your fingertips. 

 

Just click on the relevant topic heading below and choose a document to download. If you have a question, or can't find what you're looking for please call on 0800 115 121 or contact us.

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Legislation

Anti-Money Laundering and Financing of Terrorism Amendment Act (2017)


Anti-Money Laundering and Financing of Terrorism Amendment Act (2017) This Act amends the Anti-Money Laundering and Financing of Terrorism Act 2009 - the principle Act. Download amended Act >




Anti-Money Laundering and Financing of Terrorism Act (2009)


Anti-Money Laundering and Financing of Terrorism Act (2009) The purpose of this Act is to ensure that relevant businesses such as financial institutions, law firms, accountants, etc. take appropriate measures to protect against the financing of terrorism and money laundering. The Act came into full force on 30 June 2013. Download Act >




Anti-Money Laundering and Countering Financing of Terrorism (Requirements and Compliance) Amendment (2017)


Anti-Money Laundering and Countering Financing of Terrorism (Requirements and Compliance) Amendment (2017) These regulations amend the Anti-Money Laundering and Coutering Financing of Terrorism (Requirements and Compliance) Regulations 2011 - the principal regulations. Download Amendment >




Anti-Money Laundering and Countering Financing of Terrorism (Prescribed Transactions Reporting) Regulations (2016)


Anti-Money Laundering and Countering Financing of Terrorism (Prescribed Transactions Reporting) Regulations (2016) These regulations came into force on 1 November 2017. Download Regulations >




Anti-Money Laundering and Countering Financing of Terrorism (Exemption) Regulations (2011)


Anti-Money Laundering and Countering Financing of Terrorism (Exemption) Regulations (2011) These regulations came into force on 30 June 2013. Download Regulations >




Anti-Money Laundering and Countering Financing of Terrorism (Definitions) Amendment Regulations (2018)


Anti-Money Laundering and Countering Financing of Terrorism (Definitions) Amendment Regulations (2018) These regulations came into force on 1 January 2019 and amend the Anti-Money Laundering and Countering Financing of Terrorism (Definitions) Regulations 2011 - the principal regulations. Download amended Act >




Anti-Money Laundering and Countering Financing of Terrorism (Definitions) Regulations (2011)


Anti-Money Laundering and Countering Financing of Terrorism (Definitions) Regulations (2011) These regulations came into force on 28 July 2011. Download Regulations >




Anti-Money Laundering and Countering Financing of Terrorism (Requirements and Compliance) Regulations (2011)


Anti-Money Laundering and Countering Financing of Terrorism (Requirements and Compliance) Regulations (2011) These regulations came into force on 30 June 2013. Download Regulations >




Privacy Trust Act 2020


Privacy Trust Act 2020 The new Privacy Act came into effect on 1 December 2020. The changes within the Act mandate compliance orders, criminal offences and fines if businesses fail to comply, mandatory notification of harmful privacy breaches and new controls of disclosing information overseas. Download Privacy Trust Act 2020 >





Codes of Practice

Amended Identity Verification Code of Practice (2013)


Amended Identity Verification Code of Practice (2013) This document provides advice on best practice when when carrying out name and date of birth identity verifcation on customers who have been assessed to be low medium risk. Download Amended Identity Verification Code of Practice >




Identity Verification Code of Practice Explanatory Note (2017)


Identity Verification Code of Practice Explanatory Note (2017) This Explanatory Note should be read in cojunction with the Amended Identity Verification Code of Practice (2013). This version was updated in December 2017 and includes additional explanation of supervisor expectations about Part 3 of the Code of Practice, electronic verification. Download Explanatory Note >




Customer Due Diligence Companies Fact Sheet


Customer Due Diligence Companies Fact Sheet This fact sheet is to be read in conjunction with the beneficial ownership guideline. Download Customer Due Diligence Companies Fact Sheet >




Customer Due Diligence Trusts Fact Sheet


Customer Due Diligence Trusts Fact Sheet This fact sheet provides details on what information you need to obtain and confirm when dealing with a trust. Download Customer Due Diligence Trust Fact Sheet >




Customer Due Diligence Clubs & Societies Fact Sheet


Customer Due Diligence Clubs & Societies Fact Sheet A club or society may vary in type and/or complexity and the type of entity the club or society is will determine the type of customer due diligence required. This fact sheet provides details on what information you need to obtain and verify when dealing with different types of clubs and societies. Download Customer Due Diligence Clubs & Societies Fact Sheet >




Customer Due Diligence Sole Trade Partnerships Fact Sheet


Customer Due Diligence Sole Trade Partnerships Fact Sheet This fact sheet details suggested customer due diligence requirements for three business types: 1. Sole traders 2. Partnerships 3. Limited partnerships Download Customer Due Diligence Sole Trade Partnerships Fact Sheet >




Customer Due Diligence Co-operatives Fact Sheet


Customer Due Diligence Co-operatives Fact Sheet This fact sheet details what information is required to identify a co-operative. Download Customer Due Diligence Co-operatives Fact Sheet >




AML/Supervisor Position on Trusts


This explanatory note responds to queries around whether a trust can be a customer for the Act's purposes. Download AML/Supervisor Position on Trusts >




Acting on Behalf of a Customer Fact Sheet


Acting on Behalf of a Customer Fact Sheet A person acting on behalf of a customer is subject to the same identification requirements as the customer. This fact sheet outlines what you need to obtain and verify in a standard and enhanced CDD situation. Download Acting on Behalf of Customer Fact Sheet >




Bookeepers Fact Sheet


Bookeepers Fact Sheet This explanatory note answers questions from bookeepers on when involvement in financial transactions on behalf of their clients is captured by the AML/CFT Act. Download Bookeepers Fact Sheet >




Registered Office Accountants Fact Sheet


Registered Office Accountants Fact Sheet This fact sheet provides information for accountants to help build compliance programmes to meet obligations under the AML/CFT Act. Download Registered Office Accountants Fact Sheet >




High Value Dealers Fact Sheet


High Value Dealers Fact Sheet This fact sheet provides information on when High Value Dealers are covered by the AML/CFT Act and an overview of compliance obligations. Downlaod High Value Dealers Fact Sheet >




Expired Passport Fact Sheet


Expired Passport Fact Sheet This fact sheet provides guidance on the use of expired passports as part of Customer Due Diligence procedures and how it relates to the Amended Identity Verification Code of Practice 2013 (‘the code’). Download Expired Passport Fact Sheet >




Kiwi Access Card Statement


Kiwi Access Card Statement This statement provides details of the status of this form of identification under the Identity Verification Code of Practice. Download Kiwi Access Card Statement >





International

FATF Recommendations 2012 (Updated 2020)


FATF Recommendations 2012 (Updated 2020) The FATF Recommendations outline measures which countries should take in order to combat money laundering and terrorist financing. Download FATF Recommendations >




FATF Methodology for Assessing Recommendation Compliance and System Effectiveness 2013 (Updated 2020)


FATF Methodology The FATF Methodology provides the basis for undertaking assessments of technical compliance, and for reviewing the level of effectiveness of a country’s Anti-Money Laundering / Countering the Financing of Terrorism (AML/CFT) system. Download FATF Methodology >




FATF Universal Procedures of Mutual Evaluations and Follow-Ups (2019)


FATF Universal Procedures of Mutual Evaluations and Follow-Ups (2019) The FATF Universal Procedures sets out the main elements that form the basis for all evaluations, Download FATF Universal Procedures >




FATF National Money Laundering Risk Assessment Guidance (2013)


FATF National Money Laundering Risk Assessment Guidance (2013) This FATF Guide provides guidance on the conduct of risk assessment at country or national level. Download FATF Guide >




FATF National Terrorist Financing Risk Assessment Guidance (2019)


FATF National Terrorist Financing Risk Assessment Guidance (2019) This FATF Guide provides approaches, relevant information sources and practical examples to consider when assessing terrorist financing risk at the jurisdiction level. Download FATF TF Risk Assessment Guidance >




FATF Mandate (2019)


FATF Mandate (2019) The FATF Mandate outlines the objectives, functions and tasks of the Financial Action Task Force. Download FATF Mandate >




FATF COVID-19 Related AML and CFT (2020)


FATF COVID-19 Related AML and CFT (2020) This paper responds to the impact of COVID-19 on global anti-money laundering (AML) and counter terrorist financing (CFT) efforts and the application of the FATF Standards in this context. Download FATF COVID-19 Related AML and CFT >




Basel AML Index: 9th Public Edition (2020)


Basel AML Index: 9th Public Edition (2020) The Basel AML Index measures the risk of money laundering and terrorist financing in countries around the world. Download Basel AML Index: 9th Edition >




Basel AML Index 2020 Newsletter


Basel AML Index 2020 Newsletter This paper provides an overview of results of the Basel AML Index 2020 including average ML/TF risk score. Downoad Newsletter >




Basel AML Index Expert Edition Flyer


Basel AML Index Expert Edition Flyer This flyer is an interactive risk assessment tool to help evaluate the risk of corruption, money laundering and terrorist financing around the world. Download Basel AML Index Expert Edition >




Transparency International NZ Annual Report (2019 - 2020)


Transparency International NZ Annual Report (2019 - 2020) This Annual Report includes details on major projects, TINZ people and financial statements. Download Annual Report >




Transparency International NZ Annual Report (2018 - 2019)


Transparency International NZ Annual Report (2018 - 2019) TINZ 2018 - 2019 Annual report with Chair Suzanne Snively outlining her views on the year. Download Annual Report >




FATF and APG Mutual Evaluation Report - NZ (2021)


FATF and APG Mutual Evaluation Report - NZ (2021) This report is by the FATF and APG dated April 2021. It is a review of the effectiveness of New Zealand’s actions and compliance with the FATF recommendations. Download Mutual Evaluation Report > Download Mutual Evaluation Report Executive Summary >





Regulatory Supervisor Guidance

AML/CFT Guideline for Audits


AML/CFT Guideline for Audits This Guideline is to help reporting entities understand the AML/CFT audit requirements and how to carry out a reliable audit of their risk assessment and AML/CFT programme. Download Guideline for Audits >




AML/CFT Programme Guidelines


AML/CFT Programme Guidelines This guideline is designed to help users develop and implement an anti-money laundering and countering financing of terrorism programme. Download AML/CFT Programme Guidelines >




AML/CFT User Guide - Annual Report 2016


AML/CFT User Guide - Annual Report 2016 Use this guide to help you complete annual AML/CFT reports. Download User Guide >




FIU Suspicious Activity Reporting Guideline (2018)


FIU Suspicious Activity Reporting Guideline (2018) This guide aims to provide information on what the obligations are to report suspicious activity under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. Download Suspicious Activity Reporting Guidelines >




Designated Business Group Formation and Change Guideline 2020


Designated Business Group Formation Guidelines Use this guide if you are a reporting entity forming a designated business group (DBG) to help understand the process for doing so. This guide also explains the process for notifying an AML/CFT supervisor of any addition or withdrawal of a member, or any change in details. Download DBG Formation & Change Guideline >




Designated Business Group Scope Guideline


Designated Business Group Scope Guideline Use this guide if you are a reporting entity to help understand which obligations may be shared by members of a designated business group (DBG). Download DBG Scope Guideline >




Designated Business Group Formation Guideline


Designated Business Group Formation Guideline Use this guide if you are a reporting entity forming a designated business group (DBG) to help understand the process for doing so. Download DBG Formation Guideline >




Enhanced Customer Due Diligence Guideline


Enhanced Customer Due Diligence Guideline Use this guide to help carry out enhanced customer due diligence on your customers under the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act 2009. Download Enhanced Customer Due Diligence Guideline >




Beneficial Ownership Guideline


Beneficial Ownership Guideline Use this guide if your are a reporting entity performing customer due diligence on customers and the beneficial owners of the customers to help ensure you meet requirements under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. Download Beneficial Ownership Guideline >




Wire Transfer Guideline


Wire Transfers Guideline Use this guide to find out what a wire transfer is, who the parties to a wire transfer are, as well as the responsibilities a reporting entity has that are ordering, intermediary, or beneficiary institutions. Download Wire Transfer Guideline >




Interpreting "Ordinary Course of Business" Guideline (2017)


Interpreting 'Ordinary Course of Business' Guideline (2017) This guide helps to clarify the meaning of the phrase “in the ordinary course of business”. This is important if your business carries out one (or more) of the activities listed under the definitions of financial institution”, “designated non-financial business or profession”, and “high-value dealer” in the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. Download Interpreting "Ordinary Course of Business" Guideline >




Countries Assessment Guideline


Countries Assessment Guideline Use this guide if you are a reporting entity trying to decide when you will have to assess aspects of another country's regulatory environment and how to do it. Download Countries Assessment Guide >




AML/CFT Act Territorial Scope


AML/CFT Act Territorial Scope This guide helps businesses to determine whether they have obligations under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. Download AML/CFT Act Territorial Scope >




AML/CFT Regulatory Findings Report (2018 - 2019)


This report details regulatory findings for the 12 months ended 30 June 2019. Download Regulatory Findings Report >




AML/CFT Guideline - Real Estate Agents


This guide is for real estate agents. It provides information to help develop awareness of money laundering and terrorism financing and build compliance programmes to meet obligations under the AML/CFT Act. Download AML/CFT Real Estate Agents Guide >




AML/CFT Guideline - Lawyers and Conveyancers


This guide is for law firms, conveyancing practitioners and incorporated conveyancing firms who have compliance obligations under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. Download AML/CFT Lawyers & Conveyancers Guideline >




AML/CFT Guideline - Accountants


This guide provides information to help accountants, and any other business that conducts activities that are described in the definition of “designated non-financial business or profession”, build their compliance programmes to meet their obligations under the AML/CFT Act. Download AML/CFT Accountants Guideline >




Designated Non-Financial Businesses and Professions and Casino Sector Risk Assessment (2019)


This guide provides a series of questions, supervisory expectation, reference material and suggested best practice that will help guide risk assessment. Download Sector Risk Assessment >




User Guide: Annual Report by Designated Non-Financial Businesses and Professions and Casinos (2018)


This user guide provides information to help complete your annual anti-money laundering and countering financing of terrorism (AML/CFT) report on your AML/ CFT risk assessment and programme. Download User Guide Annual Report >




Market Operator Obligations Targeted Review (2021)


This review carried out by the FMA examines whether NZX is meeting its obligation to have sufficient technological resources. Download Market Operator Obligations Targeted Review >




AML/CFT Sector Monitoring Report (2018)


In this report the FMA outlines their expectations of reporting entities, and what can be done to improve systems and processes to comply with the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. Download AML/CFT Sector Monitoring Report >




AML/CFT Amended Class Exemptions (2018)


This document produced by the FMA outlines the conditions for reporting entities whose customers include managing intermediaries and customers of managing intermediaries to be able to rely on the Anti-Money Laundering and Countering Financing of Terrorism (Class Exemptions) Notice 2018. Download Amended Class Exemptions >




AML/CFT Annual Report Guide (2015)


This guide was created by the FMA to help financial advisers complete their annual AML/CFT report. Download AML/CFT Annual Report Guide >




AML/CFT Annual Review (2015)


AML/CFT Annual Review (2015) This report from the FMA summarises their monitoring to try and help firms and individuals better understand expectations, so systems and processes can be improved to ensure compliance with the Act. This report covers the period from 1 July 2014 to 30 June 2015. Download AML/CFT Annual Review >




AML/CFT Amended Class Exemptions (2015)


This guide is to help reporting entities understand the Anti-Money Laundering and Countering Financing of Terrorism (Class Exemptions) Amendment Notice (No 2) 2015). Download AML/CFT Amended Class Exemptions >




Getting the Best Outcome from your AML/CFT Audit - Advice


This guide from the FMA is to help reporting entities, especially small financial adviser businesses, get the most value from their AML/CFT Audit. Download Audit Advice >




AML/CFT Guide - Small Financial Advisers


This guide from the FMA is to help financial advisers working independently or in a small business comply with their obligations under the Anti-Money Laundering and Countering the Financing of Terrorism Act 2009. Download Guide >




RBNZ Insurance Business Coverage Guideline (2012)


RBNZ Insurance Business Coverage Guideline (2012) This guide from the Reserve Bank of New Zealand is to help businesses that provide insurance determine whether they have obligations under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. Download Insurance Business Coverage Guideline >




RBNZ On-Site Visit Guideline (2019)


This guide is to help reporting entities understand the process of an Anti-Money Laundering and Countering Financing of Terrorism on-site visit conducted by the Reserve Bank of New Zealand. Download On-Site-Visit Guideline >





Risk Assessments

Risk Assessment Guideline


Risk Assessment Guidelines The Risk Assessment Guideline outlines how to carry out risk assessment on money laundering and terrorism financing under the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act 2009. Download Risk Assessment Guideline >




Audit Guideline - Risk Assessment and AML Programme (2019)


Audit Guideline - Risk Assessment and AML Programme The Audit Guideline outlines how to carry out risk assessment on money laundering and terrorism financing under the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act 2009. Download Audit Guideline >




AML/CFT Phase 1 Risk Assessment (2018)


AML/CFT Phase 1 Risk Assessment (2018) This document is a review of the characteristics of the Phase 1 sectors covered by the AML/CFT Act. Download Phase 1 Risk Assessment >




AML/CFT Phase 2 Risk Assessment (2017)


AML/CFT Phase 2 Risk Assessment (2017) This document is to help AML/CFT supervisors understand the money laundering and terrorism financing risks across lawyers, conveyancers, accountants, real estate agents, high value dealers and the New Zealand Racing Board sectors. Download Phase 2 Sector Risk Assessment >




AML/CFT Risk Assessment and Programme - Prompts and Notes


Use this guide to help carry out AML/CFT risk assessment and design your AML/CFT compliance programme. Download AML/CFT Risk Assessment & Programme >




Internal Affairs AML/CFT Sector Risk Assessment (2011)


This document is a preliminary assessment by the AML/CFT supervisors to assess the risks of money laundering across the sector they will supervise. Download Sector Risk Assessment >




Financial Institutions Sector Risk Assessment (2019)


This guide is to help AML/CFT supervisors understand the money laundering and terrorism financing risks across financial institutions and provides guidance on the specific risks and vulnerabilities relevant to business. Download Financial Institutions Sector Risk
Assessment >




Designated Non-Financial Businesses and Professions and Casino Sector Risk Assessment (2019)


This guide provides a series of questions, supervisory expectation, reference material and suggested best practice that will help guide risk assessment. Download Sector Risk Assessment >




AML/CFT Sector Risk Assessment (2017)


This FMA risk assessment is to help them and the reporting entities they supervise understand the risks of money-laundering and terrorism financing in each sector. Download AML/CFT Sector Risk Assessment >




Sector Risk Assessment (2011)


Download Sector Risk Assessment >




RBNZ Sector Risk Assessment (2017)


This Risk Assessment is to assist reporting entities in the sector supervised by the Reserve Bank of New Zealand to prepare and review their individual assessments of the risk of money laundering and the financing of terrorism under sections 58 and 59 of the Act. Download Sector Risk Assessment >




FIU National Risk Assessment (2019)


This National Risk Assessment updates the New Zealand Police's understanding of risk, and was conducted in consultation with the public and private sectors. Download FIU National Risk Assessment >




Inaugural FIU National Risk Assessment (2010)


Inaugural FIU National Risk Assessment (2010) This report has been produced by the New Zealand Police Financial Intelligence Unit, part of the recently established Financial Crime Group. Download Inaugural FIU National Risk Assessment >





Latest Publication

fatf-mutual-evaluation-report.jpg

FATF Mutual Evaluation Report (April 2021)

This report is the latest mutual evaluation report by the FATF and APG dated April 2021.

 

It is a review of the effectiveness of New Zealand’s actions and compliance with the FATF recommendations.

 

Download Mutual Evaluation Report >

 

Download Mutual Evaluation Report Executive Summary >