The three AML CFT Supervisors (Reserve Bank, Department of Internal Affairs and the Financial Markets Authority) are empowered to develop guidelines and other guidance aimed at helping reporting entities meet their obligations.

To assist reporting entities, New Zealand’s three AML/CFT supervisors have jointly developed a Risk Assessment Guideline. The guideline is in four parts, and is accompanied by additional resources which may assist when conducting a risk assessment.   GUIDELINE

This guideline helps clarify the meaning of the phrase “in the ordinary course of business”, as found in the Anti-Money Laundering and Countering Financing of Terrorism Act 2009.

The guideline, and the meaning of this phrase, is important if your business carries on an activity that is listed under the definition of ‘financial institution’ in the Act.  GUIDELINE

The NZ Police published a national risk assessment in March 2011. This contains information about AML issues at a national level, from a law enforcement perspective. NATIONAL RISK ASSESSMENT