Impact of Russia Sanctions on AML/CFT reporting entities

An update from the three AML/CFT Act supervisors to reporting entities on what is required of them under the Russia Sanctions Act 2022.

The three AML/CFT Act supervisors – FMA, DIA and RBNZ - have provided an update to reporting entities on what is required of them under the Russia Sanctions Act 2022, following the Act’s passage in Parliament on 9 March. The Ministry of Foreign Affairs and Trade (MFAT) has detailed the individuals, entities, and classes of persons impacted by the Sanctions Act 2022.

Download the Impact of Russia Sanctions on AML/CFT reporting entities, PDF