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Anti-Money Laundering and Countering Financing of Terrorism Act 2009

Institutional arrangements and miscellaneous provisions - Institutional arrangements - Use and disclosure of information

138: Restriction on power to use information under section 137

You could also call this:

"Only use information if the person giving it knew why it was needed."

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

You can only use information obtained under section 137 if the person who gave it was told why it was needed. This must have happened when they gave the information. The AML/CFT supervisor must follow this rule when using the information from section 137.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM2141042.

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Part 4Institutional arrangements and miscellaneous provisions
Institutional arrangements: Use and disclosure of information

138Restriction on power to use information under section 137

  1. An AML/CFT supervisor may only use information obtained under section 137 if the person providing the information was advised of the purpose or purposes for which the information was obtained at the time he or she provided that information.