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Example: "How do I apply for a financial institution licence?", "FMA Annual Report 2024"
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The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (the Act) and its regulations place obligations on New Zealand’s financial institutions to detect and deter money laundering and terrorism financing. Find out more about your AML/CFT obligations on this page.
Meet the FMA's Anti-Money Laundering team—supporting NZ businesses to combat financial crime under the AML/CFT Act since 2013.
The Government, led by the Ministry Department of Justice, is reviewing the Anti-Money Laundering and Countering Financing Act 2009 (the Act). The Act helps to keep Aotearoa New Zealand safe from money laundering and terrorism financing, so our country has a trustworthy and legitimate financial system.
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – has escalated its enforcement approach to non-compliance with New Zealand’s anti-money laundering and countering financing of terrorism (AML/CFT) rules, according to a new report.
Money laundering is the “cleaning” or processing of money from the proceeds of crime in such a way to make it appear legitimate. Financial services, property and high value goods are often used to achieve this. There are rules and regulations are in place to make it hard for criminals to use businesses to launder their money. Find out more about how money laundering affects financial organisations in this article.
Financial service businesses will be learning about the need to tighten up customer identification processes and look out for suspicious financial transactions in a series of seminars around the country that started in Wellington on Monday.
The aim of this report is to summarise our monitoring to help firms and individuals better understand our expectations, and therefore improve their systems and processes, and ensure compliance with the Act. This report covers the period from 1 July 2014 to 30 June 2015.