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AML/CFT list of reporting entities

Under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act), we supervise banks, life insurers and non-bank deposit takers.

Businesses that appear on the lists below have been identified as reporting entities, supervised by the Reserve Bank of New Zealand, under section 5 of the AML/CFT Act.

Registered banks

Banks currently registered in New Zealand

Banks marked (B) operate in New Zealand as branches of overseas-incorporated banks. All other banks are incorporated in New Zealand.

Total number of registered banks: 27

Name of registered bank Registration date Name of credit rating agency and rating
    Standard & Poor's Fitch Moody's
ANZ Banking Group (New Zealand) Limited
ANZ National Bank Limited
ANZ Bank New Zealand Ltd
Read their latest disclosure statement
1 April 1987
Amended 28 June 2004
Amended 29 October 2012
 AA-  A+  A1
ASB Bank Limited
Read their latest disclosure statement
11 May 1989  AA-  A+ A1 
Australia and New Zealand Banking Group Limited (B)
Read their latest disclosure statement
5 January 2009  AA-  A+ Aa3 
Baroda (New Zealand) Limited
Bank of Baroda (New Zealand) Limited
Read their latest disclosure statement
1 September 2009
Amended 1 September 2009
 -  BBB-  -
Bank of China Limited (B)
Read their latest disclosure statement
29 March 2018  A  A A1
Bank of China (New Zealand) Limited
Read their latest disclosure statement
21 November 2014  A - A1
BOI (New Zealand) Limited
Bank of India (New Zealand) Limited
Read their latest disclosure statement
31 March 2011
Amended 31 March 2011
- BBB- -
Bank of New Zealand
Read their latest disclosure statement
1 April 1987 AA- A+ A1
China Construction Bank Corporation (B)
Read their latest disclosure statement
21 December 2017 A A A1
China Construction Bank (New Zealand) Limited
Read their latest disclosure statement
15 July 2014 - A A1
Citibank N A (B)
Read their latest disclosure statement
22 July 1987 A+ A+ Aa3
Commonwealth Bank of Australia (B)
Read their latest disclosure statement
23 June 2000 AA- A+ Aa3
Heartland Building Society
Heartland Bank Limited
Read their latest disclosure statement
17 December 2012
Amended 31 January 2013
- BBB -
Industrial and Commercial Bank of China (New Zealand) Limited
Read their latest disclosure statement
19 November 2013 A - A1
Industrial and Commercial Bank of China Limited (B)
Read their latest disclosure statement
18 May 2020 A - A1
JPMorgan Chase Bank NA (B)
Read their latest disclosure statement
1 October 2007 A+ AA Aa2
Kiwibank Limited
Read their latest disclosure statement
29 November 2001 - AA A1
Kookmin Bank (B)
Read their latest disclosure statement (see website footer)
14 July 1997 A+ A Aa3
The Bank of Tokyo-Mitsubishi, Ltd.
The Bank of Tokyo-Mitsubishi UFJ, Ltd
MUFG Bank, Ltd (B)
Read their latest disclosure statement
1 March 2004
Amended 4 January 2006
Amended 1 April 2018
A A- A1
Cooperative Rabobank U.A. trading as Rabobank Nederland (B)
Read their latest disclosure statement
1 April 1996
Amended 12 January 2016
A+ A+ Aa2
Rabo Wrightson Finance Limited
Rabobank New Zealand Limited
Read their latest disclosure statement
7 July 1999
Amended 15 September 1999
A - -
Southland Building Society
Read their latest disclosure statement
7 October 2008 - BBB -
PSIS Limited
The Co-operative Bank Limited
Read their latest disclosure statement
26 October 2011
Amended 26 October 2011
- BBB -
The Hongkong and Shanghai Banking Corporation
The Hongkong and Shanghai Banking Corporation Limited (B)
Read their latest disclosure statement
22 July 1987
Amended 16 January 2001
AA- AA- Aa3
Taranaki Savings Bank Limited
TSB Bank Limited
Read their latest disclosure statement
8 June 1989
Amended 29 November 1989
- A- -
Westpac Banking Corporation (B)
Read their latest disclosure statement
1 April 1987 AA- A+ Aa3
Westpac New Zealand Limited
Read their latest disclosure statement
31 October 2006 AA- A+ A1

Non-bank deposit takers (NBDTs)


Name of licensed NBDT Date licensed Name of credit rating agency Rating and outlook
Christian Savings Limited (previously licensed as Christian Savings Incorporated) 01-09-2017 Fitch Ratings BB+, Stable
Credit Union Auckland 03-02-2015 Equifax CCC+, Negative
FE Investments Limited (in receivership) 16-03-2015 n/a  Credit ratings have been withdrawn
Finance Direct Limited 13-02-2015 n/a  Exempt*
First Credit Union Incorporated 05-03-2015 Fitch Ratings BB, Stable
General Finance Limited 13-02-2015 Equifax BB, Stable
Gold Band Finance Limited 29-04-2015 Equifax B+, Stable
Heretaunga Building Society 23-12-2014 n/a Exempt*
Liberty Financial Limited 17-04-2015 Standard & Poor’s BBB-, Positive
Mutual Credit Finance Limited 27-03-2015 Equifax B, Stable
Nelson Building Society 23-03-2015 Fitch Ratings BB+, Stable
Police and Families Credit Union 12-11-2014 Equifax BB+, Stable
Unity Credit Union 19-12-2014 Fitch Ratings B, Negative
Wairarapa Building Society 08-04-2015 Fitch Ratings BB+, Stable
Xceda Finance Limited 11-03-2015 Equifax B, Stable

 

* Not required to have a rating by virtue of the Deposit Takers (Credit Ratings Minimum Threshold) Exemption Notice 2016

Life insurers (non-exempt)


Name of life insurer
AIA New Zealand Limited
DPL Insurance Limited
Foundation Life (NZ) Limited
New Zealand Dental Insurance Society Limited
Resolution Life Australasia Limited

Banks' Designated Business Group (DBG) members*


Name of DBG member
ANZ Custodial Services New Zealand Limited ANZ DBG
ANZ Investment Services (New Zealand) Limited
ANZ DBG
ANZ New Zealand Investments Limited
ANZ DBG
ANZ New Zealand Investments Nominees Limited
ANZ DBG
OneAnswer Nominees Limited
ANZ DBG
ASB Group Investments Limited
ASB DBG
ASB Management Services Limited ASB DBG
ASB Nominees Limited
ASB DBG
ASB Securities Limited
ASB DBG
CBA Investments (No 4) Limited
ASB DBG
Securitisation Management Services Limited
ASB DBG
BNZ Investment Services Limited
BNZ DBG
Citigroup Global Markets New Zealand Limited Citi New Zealand DBG
Heartland PIE Fund Limited
Heartland DBG
J.P.Morgan Securities Australia Limited
JP Morgan DBG
Kiwibank Investment Management Limited
Kiwibank DBG
BT Funds Management (NZ) Limited
Westpac DBG
Westpac Securitisation Management NZ Limited Westpac DBG 

*Reporting entities can form a DBG to rely on other members to conduct some AML functions. Membership is based on the criteria specified in the AML/CFT Act 2009 and requires a notification to be sent to the Reserve Bank of New Zealand.

NBDT's DBG members


Name of DBG member
Lending Crowd Limited Finance Direct DBG
Secure Funding Limited Liberty Financial DBG