New Zealand Anti-Money Laundering and Countering Financing of Terrorism Act 2009

• By: Reserve Bank of New Zealand
• Date: January 29, 2013
• Source: Reserve Bank of New Zealand

The purposes of this Act are—

1. to detect and deter money laundering and the financing of terrorism; and
2. to maintain and enhance New Zealand’s international reputation by adopting, where appropriate in the New Zealand context, recommendations issued by the Financial Action Task Force; and
3. to contribute to public confidence in the financial system.

Accordingly, this Act facilitates co-operation amongst reporting entities, AML/CFT supervisors, and various government agencies, in particular law enforcement and regulatory agencies.

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