Codes of practice
Amended Identity Verification Codes of Practice
Triple-branded statements issued by AML/CFT supervisors
Sector risk assessment
Thematic and targeted reviews
Verifying identity during COVID-19
Onsite visit guidelines for reporting entities
Interpreting ‘ordinary course of business’ guideline
Territorial scope guideline
Beneficial ownership guideline
Wire transfers guideline
Managing intermediaries guideline
The Financial Markets Authority has published a class exemption for managing intermediaries on its website.
Enhanced customer due diligence
This guideline (updated 2022) is designed to help you understand what is required to carry out enhanced customer due diligence under the AML/CFT Act.
Customer due diligence factsheets
Conference and seminar presentations
Further guidance and information
The AML/CFT Supervisors have published urgent guidance related to the impact of Russia Sanctions on AML/CFT reporting entities
The AML/CFT Supervisors have published urgent guidance related to verifying a person’s identity during COVID-19 Level 4. Please find this guidance below.
AMLCFT Supervisor Guidance COVID-19 (PDF 20KB)
The NZ Police Financial Intelligence Unit (FIU) has published an updated National Money Laundering and Terrorism Financing Risk Assessment (‘NRA’) in November 2019. The NRA sets out the current understanding of the scale and nature of the criminality risks faced by New Zealand.
Read the National Risk Assessment 2019 (PDF 493KB)
The NZ Police FIU produce guidance material, including typologies of money laundering and financing of terrorism transactions which are published on their website.
NZ Police FIU also publish guidance information for reporting entities on their obligations to report suspicious activities and prescribed transactions, and how to meet those obligations.
Further information on the development and review of the AML/CFT legislation and related regulations can be found on the Ministry of Justice website.
Following the Christchurch terrorist attacks on 15 March 2019 New Zealand’s national threat level was assessed as high. As a result, New Zealand Police FIU published an update on 3 April on implications of threat level for reporting entities. The threat level has since been downgraded to medium – a terrorist attack is assessed as feasible and could well occur.
If you have any questions and need further information, can contact our AML/CFT team using [email protected]