New Zealand: Report on the Observance of Standards and Codes—FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism
August 10, 2005
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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.
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
Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Asia and Pacific, cash transaction, CR, crime matter, fraud offence, ISCR, Legal support in revenue administration, Money laundering, money laundering offence, New Zealand FIU, NZ authorities, NZ financial system, NZ FIU, NZ Law Society, NZ Police, predicate offence, Terrorism financing
Pages:
16
Volume:
2005
DOI:
Issue:
284
Series:
Country Report No. 2005/284
Stock No:
1NZLEA2005003
ISBN:
9781451830316
ISSN:
1934-7685
