Anti-Money Laundering & Counter Terrorism Financing and Sanctions

Organisations offering designated services are faced with a multitude of money laundering and terrorism financing risks. The New Zealand Anti-Money Laundering & Counter Terrorism Financing module outlines your organisations under such laws as the 'Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (NZ)', 'Privacy Act 2020 (NZ)', 'Crimes Act 1961 (NZ)' and over 21 other compliance sources. This module offers practical guidance on the identification, mitigation and the management of their money laundering and terrorism financing risks.

Module Scope:

Core Obligations

  • Customer Due Diligence
  • Suspicious Activity Reports
  • Prescribed Transaction Reports
  • Record Keeping
  • AML/CFT Programme
  • Risk Assessment
  • Other AML/CFT Compliance
  • Cross-border Transportation of Cash

Legal Landscape

  • Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (NZ)
  • Privacy Act 2020 (NZ)
  • Crimes Act 1961 (NZ)
  • Evidence Act 2006 (NZ)
  • Companies Act 1993 (NZ)
  • Customs and Excise Act 2018 (NZ)
  • and 21 other compliance sources

Regulators

  • Department of Internal Affairs
  • Ministry of Justice
  • Ministry of Business, Innovation and Employment
  • New Zealand Customs Service

Legal Expert

Partner, Bell Gully

Tania Goatley

TANIA GOATLEY advises on all aspects of advertising promotions, including impacts of the Gambling Act, Fair Trading Act and Privacy Act. She is also experienced in advising on food and wine labelling issues, involving advice on the Food Standards Australia New Zealand (FSANZ) Code, the Food Act, the Wine Act and related regulations and industry codes.She has a strong media law background, advising on defamation claims, appearing in Court on name suppression issues, and providing...

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