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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

140: Power to use and disclose information supplied or obtained under other enactments for AML/CFT purposes

You could also call this:

"Sharing information to stop money laundering"

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

You can share information with other government agencies if it helps stop money laundering. This information can come from laws like the Charities Act 2005 or the Companies Act 1993. You can share this information if you think it is necessary to comply with the Anti-Money Laundering and Countering Financing of Terrorism Act.

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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=DLM2141044.

Topics:
Money and consumer rights > Consumer protectionCrime and justice > Police and safety
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139A: Regulations relating to information sharing, or

"Rules about sharing information to help stop money laundering and terrorism"

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141: Enforcement officers, or

"People chosen to help enforce anti-money laundering laws"

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

140Power to use and disclose information supplied or obtained under other enactments for AML/CFT purposes

  1. A government agency, an AML/CFT supervisor, or a regulator may disclose to another government agency or AML/CFT supervisor any information supplied or obtained under an enactment listed in subsection (2) if the disclosing entity has reasonable grounds to believe that the disclosure of that information is necessary or desirable for the purpose of ensuring compliance with this Act and regulations.

  2. The enactments referred to in subsection (1) are—

  3. the Charities Act 2005:
    1. the Companies Act 1993:
      1. the Criminal Proceeds (Recovery) Act 2009:
        1. the Customs and Excise Act 2018:
            1. the Financial Markets Authority Act 2011:
              1. the Financial Markets Conduct Act 2013:
                1. Parts 1 to 7 of the Intelligence and Security Act 2017:
                  1. the Financial Service Providers (Registration and Dispute Resolution) Act 2008:
                    1. the Financial Transactions Reporting Act 1996:
                      1. the Gambling Act 2003:
                        1. the Goods and Services Tax Act 1985:
                          1. the Income Tax Act 2007:
                            1. the Insurance (Prudential Supervision) Act 2010:
                              1. the Lawyers and Conveyancers Act 2006:
                                1. the New Zealand Institute of Chartered Accountants Act 1996:
                                  1. the Non-bank Deposit Takers Act 2013:
                                    1. the Overseas Investment Act 2005:
                                      1. the Proceeds of Crime Act 1991:
                                        1. the Racing Industry Act 2020:
                                          1. the Real Estate Agents Act 2008:
                                            1. the Banking (Prudential Supervision) Act 1989:
                                              1. the Russia Sanctions Act 2022:
                                                1. the Secondhand Dealers and Pawnbrokers Act 2004:
                                                  1. the Tax Administration Act 1994:
                                                    1. the Terrorism Suppression Act 2002:
                                                      1. any other Act prescribed by regulations.

                                                        Notes
                                                        • Section 140(1): replaced, on , by section 13(1) of the Statutes Amendment Act 2022 (2022 No 75).
                                                        • Section 140(2): replaced, on , by section 52(2) of the Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2017 (2017 No 35).
                                                        • Section 140(2)(c): replaced, on , by section 443(3) of the Customs and Excise Act 2018 (2018 No 4).
                                                        • Section 140(2)(c): amended, on , by section 13(2) of the Statutes Amendment Act 2022 (2022 No 75).
                                                        • Section 140(2)(d): amended, on , by section 13(3) of the Statutes Amendment Act 2022 (2022 No 75).
                                                        • Section 140(2)(e): repealed, on , by section 98 of the Financial Services Legislation Amendment Act 2019 (2019 No 8).
                                                        • Section 140(2)(h): replaced, on , by section 335 of the Intelligence and Security Act 2017 (2017 No 10).
                                                        • Section 140(2)(ha): inserted, on , by section 5 of the Statutes Amendment Act 2019 (2019 No 56).
                                                        • Section 140(2)(pa): inserted, on , by section 58 of the Overseas Investment (Urgent Measures) Amendment Act 2020 (2020 No 21).
                                                        • Section 140(2)(r): amended, on , by section 129 of the Racing Industry Act 2020 (2020 No 28).
                                                        • Section 140(2)(t): amended, on , by section 300(1) of the Reserve Bank of New Zealand Act 2021 (2021 No 31).
                                                        • Section 140(2)(ta): inserted, on , by section 33(3) of the Russia Sanctions Act 2022 (2022 No 6).