Financial Transactions Reporting Amendment Act 1998

Financial Transactions Reporting Amendment Act 1998

Public Act1998 No 46
Date of assent3 June 1998

BE IT ENACTED by the Parliament of New Zealand as follows:

1 Short Title
2 Financial institutions to report suspicious transactions
  • (1) This subsection inserted s 15(2)(ca) of the principal Act.

    (2) This subsection amended s 15(3) of the principal Act.

3 Protection of persons reporting suspicious transactions
  • (1) This subsection substituted s 17(1), and inserted s 17(A) of the principal Act.

    (2) This subsection amended s 17(3) of the principal ˙Act.

4 Protection of identity of persons making suspicious transaction reports
  • (1) This subsection inserted s 21(1)(c) of the principal Act.

    (2) This subsection amended s 21(3) of the principal Act.

5 Offences
  • (1) This subsection amended s 22(3) of the principal Act.

    (2) This subsection inserted s 22(8) of the principal Act.

6 Application of Privacy Act 1993
  • This section amended s 28 of the principal Act.

7 Obligation to keep transaction records
  • This section inserted s 29(2)(f) of the principal Act.

8 Consultation not required for consolidation of certain regulations
  • This section inserted s 56A of the principal Act.

9 New Schedule substituted
  • This section substituted the Schedule of the principal Act.


Schedule
New Schedule substituted in principal Act

Section 9