About AML/CFT

 

The anti-money laundering and countering financing of terrorism regime

The Act has three purposes: to detect and deter money laundering and the financing of terrorism, to maintain and enhance New Zealand’s international reputation and to support public confidence in the financial system.

It does this by facilitating co-operation amongst reporting entities, supervisors, and other government agencies, in particular law enforcement and regulatory agencies. 

Who is my supervisor?

The FMA is one of three supervisors under the Act, along with the Reserve Bank of New Zealand and Department of Internal Affairs.

We supervise issuers of securities, licensed supervisors and statutory supervisors, derivatives issuers and dealers, fund managers, brokers and custodians, financial advisers, equity crowdfunding platforms and peer-to-peer lenders.

The Reserve Bank supervises banks, life insurers and non-bank deposit takers.

The Department of Internal Affairs covers casinos, non-deposit-taking lenders, money changers and reporting entities not covered by the other supervisors.

What guidelines are available?

As supervisors, we have agreed a framework to guide the actions, strategies, tools and techniques that will be used to achieve the objectives of the Act. Where appropriate, we will also develop codes of practice that set out how a reporting entity can meet its obligations.  

For more information, see our resources page.

Our approach to supervision

View the FMA's annual reports on its supervision of AML/CFT.

Frequently asked questions

Our FAQs cover everything from the basics of money-laundering to detailed information on compliance.