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Anti-Money Laundering and Countering Financing of Terrorism Act 2009

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

69: Reports about receipt of cash from outside New Zealand

You could also call this:

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

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

You must not receive cash from outside New Zealand if the total amount is equal to or above a certain threshold value. You also must not receive this cash if you have not given a report about it as required. The cash movement must not be exempt under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 or its regulations.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM2140934.

Topics:
Money and consumer rights > Consumer protectionCrime and justice > Police and safety
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68: Reports about movement of cash into or out of New Zealand, or

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

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

69Reports about receipt of cash from outside New Zealand

  1. A person must not receive cash moved to the person from outside New Zealand if—

  2. the total amount of the cash is equal to or above 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).

        Notes
        • Section 69(a): amended, on , by section 31 of the Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2017 (2017 No 35).