Anti-Money Laundering and Countering Financing of Terrorism (Exemptions) Amendment Regulations 2020

2020/91

Coat of Arms of New Zealand

Anti-Money Laundering and Countering Financing of Terrorism (Exemptions) Amendment Regulations 2020

Patsy Reddy, Governor-General

Order in Council

At Wellington this 18th day of May 2020

Present:
The Right Hon Jacinda Ardern presiding in Council

These regulations are made under section 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)

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 (Exemptions) Amendment Regulations 2020.

2 Commencement

These regulations come into force on 19 June 2020.

3 Principal regulations

These regulations amend the Anti-Money Laundering and Countering Financing of Terrorism (Exemptions) Regulations 2011 (the principal regulations).

4 Regulation 3 revoked (Expiry)

Revoke regulation 3.

Michael Webster,
Clerk of the Executive Council.

Explanatory note

This note is not part of the regulations, but is intended to indicate their general effect.

These regulations, which come into force on 19 June 2020, revoke the expiry date for the Anti-Money Laundering and Countering Financing of Terrorism (Exemptions) Regulations 2011 so that they can continue in force, subject to any amendments, until replaced or revoked.

Issued under the authority of the Legislation Act 2012.

Date of notification in Gazette: 21 May 2020.

These regulations are administered by the Ministry of Justice.