Anti-Money Laundering and Countering Financing of Terrorism Act 2009

If you need more information about this Act, please contact the administering agency: Ministry of Justice

Part 1 Preliminary provisions

3 Purpose


The purposes of this Act are—


to detect and deter money laundering and the financing of terrorism; and


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


to contribute to public confidence in the financial system.


Accordingly, this Act facilitates co-operation amongst reporting entities, AML/CFT supervisors, and various government agencies, in particular law enforcement and regulatory agencies.