IMF Staff Country Reports

New Zealand: Report on the Observance of Standards and Codes—FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

Publication Date:

August 10, 2005

Electronic Access:

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Summary:

This report evaluates the Observance of Standards and Codes on the Financial Action Task Force (FATF) Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) for New Zealand (NZ). The assessment reveals that since its last evaluation in 1998, NZ has made few changes to its AML regime, but has introduced new legislation and associated institutional measures to combat terrorist financing. The criminal justice legislative measures for combating money laundering and terrorist financing are generally sound, and in several areas, the effectiveness of those measures has improved over time.

Series:

Country Report No. 2005/284

Subject:

Anti-money laundering and combating the financing of terrorism (AML/CFT) Banking Crime Legal support in revenue administration Money laundering Revenue administration Terrorism financing