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Anti-Money Laundering and Countering Financing of Terrorism Act 2009

AML/CFT requirements and compliance - Suspicious activity reports

48: Disclosure of personal information relating to employees or senior managers

You could also call this:

"Sharing staff details to help stop money laundering"

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

You can find information about employees or senior managers when checking for money laundering. An AML/CFT supervisor can share this information with another government agency. This can be for law enforcement or to investigate offences under Acts like the Companies Act 1993, the Financial Service Providers (Registration and Dispute Resolution) Act 2008, the Gambling Act 2003, the Reserve Bank of New Zealand Act 2021, and the Financial Markets Conduct Act 2013. The AML/CFT supervisor must think the agency has a good reason to get this information. You can see the information is shared for a few reasons.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM2140902.

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Part 2AML/CFT requirements and compliance
Suspicious activity reports

48Disclosure of personal information relating to employees or senior managers

  1. An AML/CFT supervisor that has, in the performance and exercise of its functions and powers under this Act, obtained personal information about employees or senior managers may disclose that information to another government agency for the following purposes if the AML/CFT supervisor is satisfied that the agency has a proper interest in receiving the information:

  2. law enforcement purposes:
    1. the detection, investigation, and prosecution of any offence under the following Acts:
      1. the Companies Act 1993:
          1. the Financial Service Providers (Registration and Dispute Resolution) Act 2008:
            1. the Gambling Act 2003:
              1. the Reserve Bank of New Zealand Act 2021 and the Acts that are prudential legislation (within the meaning of section 5 of that Act):
                1. the Financial Markets Conduct Act 2013.

                Notes
                • Section 48: replaced, on , by section 25 of the Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2017 (2017 No 35).
                • Section 48(b)(ii): repealed, on , by section 98 of the Financial Services Legislation Amendment Act 2019 (2019 No 8).
                • Section 48(b)(v): replaced, on , by section 300(1) of the Reserve Bank of New Zealand Act 2021 (2021 No 31).