The Anti-Money Laundering and Countering Financing of Terrorism Act 2009
This Act aims to give New Zealanders confidence in our financial system and align us with international standards to detect and deter money laundering and terrorism financing.
About the legislation
Compliance date for nominee directors and general partners regulation
Anti-money laundering and countering financing of terrorism
We are responsible for ensuring the financial institutions we regulate and supervise meet their obligations under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. Money laundering is the way criminals disguise the illegal origins of their money. Financers of terrorism use similar methods to try and avoid being detected and protect the identity of the people providing and receiving money for funding terrorism.