Anti-Money Laundering and Countering Financing of Terrorism (Exemptions) Regulations 2011

Reprint as at 9 July 2021

Coat of Arms of New Zealand

Anti-Money Laundering and Countering Financing of Terrorism (Exemptions) Regulations 2011

(SR 2011/223)

Anand Satyanand, Governor-General

Order in Council

At Wellington this 27th day of June 2011

Present:
His 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.

Pursuant to sections 153 and 154 of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 and section 56(1)(e) of the Financial Transactions Reporting Act 1996, His Excellency the Governor-General makes the following regulations acting—

(a)

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

(b)

in relation to regulations made under section 154 of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009, on the recommendation of the Minister (as defined by section 5 of that Act) made in accordance with section 154(2) and (3) of that Act.

Contents

1Title
2Commencement
3Expiry [Revoked]
4Interpretation
Classes of transactions
[Revoked]
5Wire transfers of $1,000 or less exempt from sections 27 and 28 of Act [Revoked]
6Occasional transactions exempt from certain requirements relating to address information
6ACertain entities exempt from reporting under section 48A of Act
6ABExemption of TAB NZ from some duties under section 31 of Act
7Certain transactions in casinos exempt from section 49 of Act
7ACertain transactions with TAB NZ exempt from section 49(2) of Act
8Transactions that are not occasional transactions exempt from section 49(2)(d) of Act
9Certain currency exchange transactions in hotels, etc
Classes of services
10Relevant services provided in respect of certain remittance card facilities
11Relevant services provided in respect of life insurance policies that are closed to new customers and new premiums
12Relevant services provided in respect of pure risk-based insurance policies
13Relevant services provided by non-finance business in respect of certain types of credit
14Relevant services provided in respect of certain loyalty schemes
15Relevant services provided in respect of certain stored value instruments
16Relevant services provided to related entities
17Relevant services provided under premium funding agreement
18Relevant services provided under premium funding agreement by non-insurance company [Revoked]
19Relevant services provided in respect of certain low-value life insurance policies
20Relevant services provided in respect of certain superannuation schemes
20ARelevant services provided in respect of certain employer superannuation schemes
21Securities registry services
22Debt collection services
23Relevant services provided in respect of overseas pension bank accounts
24Relevant services provided in respect of trust accounts or client funds accounts
24AARelevant services provided by court-appointed liquidator
24ABRelevant services provided in respect of certain third party transactions
24ACRelevant services provided to subject of Commissioner of Police’s order and production order
24ADRelevant services provided by reporting entity acting as executor or administrator
24AERelevant services provided to executor or administrator
Classes of activities not occasional activities
24ACertain activities not occasional activities
Revocations
25Consequential revocations
Gazette Information
Reprint notes