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Anti-Money Laundering and Countering Financing of Terrorism Act 2009

Enforcement - Offences - Offences relating to cross-border transportation of cash

112: Penalties

You could also call this:

"What happens if you break the rules: penalties and fines"

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

If you break the law under sections 106, 107, 108, 110, or 111, you can get in trouble. You might have to go to prison for up to 3 months or pay a fine of up to $10,000 if you are an individual. If you are a company or partnership, you might have to pay a fine of up to $50,000.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM2140995.

Topics:
Crime and justice > Criminal law
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111: Offence to obstruct or not to answer questions from Customs officer, or

"It's an offence to stop a Customs officer from doing their job or not answer their questions without a good reason."

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113: Chief executive of New Zealand Customs Service may deal with cash reporting offences, or

"Paying a fine for not reporting cash at the border"

Part 3Enforcement
Offences: Offences relating to cross-border transportation of cash

112Penalties

  1. A person who commits an offence under any of sections 106, 107, 108, 110, and 111 is liable, on conviction, to,—

  2. in the case of an individual, either or both of the following:
    1. a term of imprisonment of not more than 3 months:
      1. a fine of up to $10,000; and
      2. in the case of a body corporate or partnership, a fine of up to $50,000.

        Notes
        • Section 112: amended, on , by section 413 of the Criminal Procedure Act 2011 (2011 No 81).
        • Section 112(b): amended, on , by section 10 of the Statutes Amendment Act 2018 (2018 No 27).