Anti-Money Laundering and Countering Financing of Terrorism Act 2009

Enforcement - Offences - Offences relating to suspicious activity reports and prescribed transaction reports

95: Failure to keep or retain adequate records relating to suspicious activities or prescribed transactions

You could also call this:

"Breaking the law by not keeping proper records of suspicious activities"

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

If you are a reporting entity, you commit an offence if you fail to keep or retain adequate records relating to a suspicious activity or a prescribed transaction. You must keep these records to follow the law. This law is part of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

This page was last updated on 4 December 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM2140976.

Topics:

Crime and justice > Criminal lawMoney and consumer rights > Consumer protection

94: Unlawful disclosure of suspicious activity reports or prescribed transaction reports, or

"Keeping quiet about suspicious money reports is the law"

96: Obstruction of investigation relating to suspicious activity reports or prescribed transaction reports, or

"Stopping an investigation into suspicious money activities without a good reason is against the law"

Part 3Enforcement
Offences: Offences relating to suspicious activity reports and prescribed transaction reports

95Failure to keep or retain adequate records relating to suspicious activities or prescribed transactions

A reporting entity commits an offence if the reporting entity fails to keep or retain adequate records relating to a suspicious activity or a prescribed transaction.

Notes

Section 95 heading: amended, on 11 August 2017, by section 38(1) of the Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2017 (2017 No 35).
Section 95 heading: amended, on 1 July 2017, by section 17(1) of the Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2015 (2015 No 96).
Section 95: amended, on 11 August 2017, by section 38(2) of the Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2017 (2017 No 35).
Section 95: amended, on 1 July 2017, by section 17(2) of the Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2015 (2015 No 96).