Anti-Money Laundering and Countering Financing of Terrorism (Definitions) Amendment Regulations (No 2) 2018

Reprint as at 1 July 2019

Coat of Arms of New Zealand

Anti-Money Laundering and Countering Financing of Terrorism (Definitions) Amendment Regulations (No 2) 2018

(LI 2018/199)

Patsy Reddy, Governor-General

Order in Council

At Wellington this 15th day of October 2018

Present:
Her Excellency the Governor-General in Council

Note

Changes authorised by subpart 2 of Part 2 of the Legislation Act 2012 have been made in this official reprint.

Note 4 at the end of this reprint provides a list of the amendments incorporated.

These regulations are administered by the Ministry of Justice.

These regulations are made under sections 5, 153, and 154 of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009

(a)

on the advice and with the consent of the Executive Council; and

(b)

in relation to regulations made under section 154 of that Act, on the recommendation of the Minister (as defined by section 5(1) of that Act) made in accordance with section 154(2) and (3) of that Act.

Regulations

1 Title

These regulations are the Anti-Money Laundering and Countering Financing of Terrorism (Definitions) Amendment Regulations (No 2) 2018.

2 Commencement

These regulations come into force on 1 August 2019.

3 Principal regulations
4 Regulation 15 amended (Inclusion: transactions involving certain stored value instruments)

(1)

After regulation 15(1)(a)(ii), insert:

(iii)

despite subparagraphs (i) and (ii), if the stored value instrument is a voucher issued by the Racing Industry Transition Agency, $10,000 or more; or

(2)

In regulation 15(4), definition of stored value instrument, paragraph (a), after “gift facility”, insert “or voucher”.

(3)

In regulation 15(4), insert in its appropriate alphabetical order:

voucher includes any document or other instrument issued by the Racing Industry Transition Agency that has a monetary value and can be used to facilitate or carry out a transaction (for example to place a bet) irrespective of whether—

(a)

it can be redeemed for cash:

(b)

it can be split or consolidated for use in 2 or more transactions.

Regulation 4(1): amended, on 1 July 2019, by section 25(2) of the Racing Reform Act 2019 (2019 No 32).

Regulation 4(3): amended, on 1 July 2019, by section 25(2) of the Racing Reform Act 2019 (2019 No 32).

Michael Webster,
Clerk of the Executive Council.

Issued under the authority of the Legislation Act 2012.

Date of notification in Gazette: 18 October 2018.

Reprints notes
1 General

This is a reprint of the Anti-Money Laundering and Countering Financing of Terrorism (Definitions) Amendment Regulations (No 2) 2018 that incorporates all the amendments to those regulations as at the date of the last amendment to them.

2 Legal status

Reprints are presumed to correctly state, as at the date of the reprint, the law enacted by the principal enactment and by any amendments to that enactment. Section 18 of the Legislation Act 2012 provides that this reprint, published in electronic form, has the status of an official version under section 17 of that Act. A printed version of the reprint produced directly from this official electronic version also has official status.

3 Editorial and format changes

Editorial and format changes to reprints are made using the powers under sections 24 to 26 of the Legislation Act 2012. See also http://www.pco.parliament.govt.nz/editorial-conventions/.

4 Amendments incorporated in this reprint

Racing Reform Act 2019 (2019 No 32): section 25(2)