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Anti-Money Laundering and Countering Financing of Terrorism Act 2009

AML/CFT requirements and compliance - Cross-border transportation of cash

68: Reports about movement of cash into or out of New Zealand

You could also call this:

"Telling the government about moving large amounts of cash in or out of New Zealand"

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

You must not move cash into or out of New Zealand if the total amount is equal to or above the threshold value and you have not given a report about the movement of that cash. You also need to check if the movement of cash is exempt under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 or regulations. When you bring or send cash into New Zealand, you are moving cash into New Zealand, and when you take or send cash out of New Zealand, you are moving cash out of New Zealand.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM2140933.

Topics:
Money and consumer rights > TaxesCrime and justice > Police and safety
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67A: Prohibition on certain cash transactions, or

"No cash deals over a certain amount for valuable items like jewellery or cars."

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69: Reports about receipt of cash from outside New Zealand, or

"Telling the authorities about getting large amounts of cash from overseas"

Part 2AML/CFT requirements and compliance
Cross-border transportation of cash

68Reports about movement of cash into or out of New Zealand

  1. A person must not move cash into or out of New Zealand if—

  2. the total amount of the cash is equal to or above than the applicable threshold value; and
    1. the person has not given a report in respect of the movement of that cash in accordance with this subpart; and
      1. the movement of that cash is not exempted under this Act or regulations (if any).

        1. For the purposes of this Act, a person moves cash into New Zealand if the person brings or sends the cash into New Zealand.

        2. For the purposes of this Act, a person moves cash out of New Zealand if the person takes or sends the cash out of New Zealand.

        Notes
        • Section 68(1)(a): amended, on , by section 30 of the Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2017 (2017 No 35).