Supervising agencies for anti-money laundering and countering terrorism financing
Find out which supervision agency you report to for meeting your responsibilities under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act).
Under the AML/CFT Act, there are three supervising agencies:
the Reserve Bank of New Zealand (RBNZ) supervises banks, life insurers and non-bank deposit takers
- the Financial Markets Authority (FMA) supervises issuers of securities, trustee companies, futures dealers, collective investment schemes, brokers and financial advisers
- the Department of Internal Affairs (DIA) supervises casinos, non-deposit-taking lenders, money changers and any other financial institutions not supervised by the RBNZ or the FMA, as well as designated, non-financial businesses or professions and high-value dealers.
Lists of reporting entities
The following two lists show which businesses are supervised by each agency:
List of Financial Market Authority AML/CFT reporting entities
List of Department of Internal Affairs AML/CFT reporting entities
If you are still unclear who your supervisor is, contact one of the three supervising agencies above.
The AML/CFT Supervisory Framework sets out the objectives, functions, powers and guiding principles of the three AML/CFT supervising agencies.
Other agencies involved in the AML/CFT regime
Ministry of Justice
The Ministry of Justice drafts and administers the AML/CFT Act and its regulations.
Ministry of Justice – Tackling money laundering and terrorism financing
Financial Intelligence Unit
The New Zealand Police Financial Intelligence Unit (FIU) receives and analyses suspicious activity reports (SARs) and publishes a national risk assessment and guidance. The assessment sets out the current understanding of the scale and nature of the criminality risks New Zealand faces.
Read the National Risk Assessment 2019
Other guidance material includes typologies of money laundering and financing of terrorism transactions.
More information on the Financial Intelligence Unit (FIU)
Find out how to report suspicious activities on our How to comply page.
How to comply with the anti-money laundering and countering financing of terrorism legislation