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Anti-Money Laundering and Countering Financing of Terrorism Act 2009

AML/CFT requirements and compliance - Suspicious activity reports

43: Auditors may report suspicious activities

You could also call this:

"Auditors can report suspicious activities to help stop money laundering and crime."

Illustration for Anti-Money Laundering and Countering Financing of Terrorism Act 2009

You are an auditor and you think something suspicious is happening. This might be related to money laundering or the Misuse of Drugs Act 1975, the Terrorism Suppression Act 2002, or the Proceeds of Crime Act 1991 or the Criminal Proceeds (Recovery) Act 2009. You can report this to the Commissioner.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM2140896.

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Part 2AML/CFT requirements and compliance
Suspicious activity reports

43Auditors may report suspicious activities

  1. Despite any other enactment or any rule of law, this section applies to a person who, in the course of carrying out the duties of that person’s occupation as an auditor, has reasonable grounds to suspect, in relation to any activity, that the activity is relevant to—

  2. the investigation or prosecution of any person for a money laundering offence; or
    1. the enforcement of the Misuse of Drugs Act 1975; or
      1. the enforcement of the Terrorism Suppression Act 2002; or
        1. the enforcement of the Proceeds of Crime Act 1991 or the Criminal Proceeds (Recovery) Act 2009; or
          1. the investigation or prosecution of an offence (within the meaning of section 243(1) of the Crimes Act 1961).

            1. A person may report an activity referred to in subsection (1) to the Commissioner.

            Notes
            • Section 43: replaced, on , by section 25 of the Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2017 (2017 No 35).