Registrar’s powers to identify controllers of company

Heading: inserted, on 1 May 2015, by section 48 of the Companies Amendment Act 2014 (2014 No 46).

365A Purpose of sections 365B to 365H

(1)

The purpose of sections 365B to 365H is to ensure that the Registrar may, for law enforcement purposes, obtain adequate, accurate, and timely information on the beneficial ownership and control of companies in order to conform with New Zealand’s obligations under the FATF Recommendations.

(2)

In this section,—

FATF means the Financial Action Task Force on Money Laundering established in Paris in 1989

FATF Recommendations means the revised Recommendations adopted by FATF at its plenary meeting on 15 to 17 February 2012.

Section 365A: inserted, on 1 May 2015, by section 48 of the Companies Amendment Act 2014 (2014 No 46).