New Zealand Legislation: Bills

4A Application of this Act to reporting entities

• This Act applies to a reporting entity only to the extent that—

  • (a) in the case of a reporting entity that is a financial institution, the financial activities undertaken by that entity fall within the activities described in the definition of financial institution; or

  • (b) a reporting entity, that is not a financial institution, is carrying out activities that may give rise to a risk of money laundering or financing of terrorism.