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Example: "How do I apply for a financial institution licence?", "FMA Annual Report 2024"
Use our AI search to ask us a question or use keywords to search for pages or documents.
Example: "How do I apply for a financial institution licence?", "FMA Annual Report 2024"
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E-money is a digital cash equivalent where value is held electronically, for example on a prepaid card. In some jurisdictions, providers of e-money services require a licence (and “e-money” and “e-money institution” have specific regulatory definitions). This is not the case in New Zealand; however, some regulations will still apply.
Cash investments include savings accounts and term deposits with a bank, credit union or building society. You can also invest cash through a managed fund (this includes KiwiSaver) which pools together money from individuals for investments, managed by a fund manager. Cash investments are relatively safe because you’re promised a fixed interest rate. But the returns you get through interest rates tend to be low, so they’re not always the best option – particularly if you’re saving for retirement. Find out more about the risks, returns and costs associated with investing in cash here.
Cashmore + Partners Limited is an AML/CFT reporting entity.
We have been made aware that several New Zealand residents who have subscribed to Smart Money and requested the “emergency cash” service but Smart Money has not sent the “emergency cash” to the requesters/subscribers.
The FMA has conducted a review of credit card repayment insurance products to gain a better understanding of providers’ practices, and the product’s suitability for consumers. We advise anyone who has purchased this sort of insurance to read the report.
WARNING: The FMA recommends exercising caution before dealing with Cash Forex Group/ CashFX Group.
Bancorp Credit Cards Limited, FSP43121, is an AML reporting entity supervised by the FMA.
CAPITALGROUP CASH MANAGEMENT TRUST LIMITED is an AML reporting entity
Cashel Property Investment Limited is an AML/CFT reporting entity
This is a form for completion by all AML/CFT reporting entities to the FMA that should be completed and submitted on an annual basis.
This user guide can be used as a reference for AML CFT reporting entities when completing their annual report
The annual report is required by section 60 of New Zealand’s Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (‘the Act’). The annual report applies to activities that are covered by the Act.