Money laundering is how criminals disguise the illegal origins of their money. Financers of terrorism use similar techniques to money launderers to avoid detection by authorities and to protect the identity of those providing and receiving the funds.
The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 Act places obligations on New Zealand's financial institutions and casinos to detect and deter money laundering and terrorism financing.
FMA is one of three supervisors helping market participants prepare for full implementation of the Act on 30 June 2013.
The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 Act places obligations on New Zealand's financial institutions and casinos to detect and deter money laundering and terrorism financing.
FMA is one of three supervisors helping market participants prepare for full implementation of the Act on 30 June 2013.
Anti-Money Laundering and Countering Financing of Terrorism Act
Anti-Money Laundering and Countering Financing of Terrorism Regulations
Guide for small financial adviser businesses