New Zealand Legislation: Bills
Bills are proposed Acts
(1) The purposes of this Act are—
(a) to detect and deter money laundering and the financing of terrorism; and
(b) 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
(c) to contribute to public confidence in the financial system.
(2) Accordingly, this Act facilitates cooperation amongst reporting entities, AML/CFT supervisors, and various government agencies, in particular law enforcement and regulatory agencies.
