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Anti-Money Laundering and Countering Financing of Terrorism Act 2009

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

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

You could also call this:

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

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

You commit an offence if you stop an investigation into a suspicious activity report or prescribed transaction report without a good reason. You can stop being prosecuted if you believe the documents or information are private communications. This is part of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009.

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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=DLM2140977.

Topics:
Crime and justice > Criminal lawMoney and consumer rights > Consumer protection
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95: Failure to keep or retain adequate records relating to suspicious activities or prescribed transactions, or

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

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97: Contravention of section 47(1) or 48A(1), or

"Breaking rules without a good reason is against the law"

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

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

  1. A person commits an offence if the person obstructs any investigation relating to any suspicious activity report or prescribed transaction report without lawful justification or excuse.

  2. It is a defence to a prosecution under this section if the reporting entity believes on reasonable grounds that the documents or information were privileged communications.

Notes
  • Section 96 heading: amended, on , by section 39(1) of the Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2017 (2017 No 35).
  • Section 96 heading: amended, on , by section 18(1) of the Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2015 (2015 No 96).
  • Section 96(1): amended, on , by section 39(2) of the Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2017 (2017 No 35).
  • Section 96(1): amended, on , by section 18(2) of the Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2015 (2015 No 96).
  • Section 96(2): inserted, on , by section 39(3) of the Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2017 (2017 No 35).