Moving money internationally
When making a foreign exchange transaction or sending money to or from overseas you are required to:
- comply with New Zealand’s anti-money laundering requirements;
- abide by the counter-terrorist financing requirements and other relevant measures.
New Zealand’s requirements apply to both formal and informal methods for transmitting money or value. Contact your financial service provider for more information.
A wide range of financial service providers including money remitters, currency exchangers and foreign exchange providers, are required to register before they can legally provide financial services.
Financial service providers have obligations to comply with the anti-money laundering obligations as set out in the Financial Transactions Reporting Act 1996, and should refer to the information and guidance published by the New Zealand Police. Financial service providers are also subject to the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. The Department of Internal Affairs is the AML/CFT supervisor for foreign currency exchangers and money remitters.