Act In force Latest version as at 03 September 2007 (as enacted) | 1998 No 46 | Administered by Ministry of Justice

Financial Transactions Reporting Amendment Act 1998

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Financial institutions to report suspicious transactions

Protection of persons reporting suspicious transactions

Protection of identity of persons making suspicious transaction reports

Application of Privacy Act 1993

Obligation to keep transaction records

Consultation not required for consolidation of certain regulations

New Schedule substituted

Schedule New Schedule substituted in principal Act

Financial Transactions Reporting Amendment Act 1998

Public Act	1998 No 46
Date of assent	3 June 1998

Contents

An Act to amend the Financial Transactions Reporting Act 1996

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

1 Short Title

This Act may be cited as the Financial Transactions Reporting Amendment Act 1998, and is part of the Financial Transactions Reporting Act 1996 (“the principal Act”).

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.

Section 9