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Anti-Money Laundering and Countering Financing of Terrorism Act 2009

Institutional arrangements and miscellaneous provisions - Institutional arrangements - Financial intelligence functions of Commissioner

143: Powers relating to financial intelligence functions of Commissioner

You could also call this:

"The Commissioner's power to get and share financial information to stop money laundering"

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

The Commissioner can order a reporting entity to give them records, documents, or information that will help them analyse the information they receive. They can do this with or without a court order. The Commissioner can also share suspicious activity reports, prescribed transaction reports, and other financial information with regulators and authorities in New Zealand and other countries. You should know that nothing in this section means anyone has to tell the Commissioner about private conversations that are privileged.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM2141048.

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142: Financial intelligence functions of Commissioner, or

"The Commissioner's job is to help stop money laundering and terrorism by checking reports and working with other agencies."

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144: Delegation of powers of Commissioner, or

"The Commissioner can share some of their powers with a senior police officer."

Part 4Institutional arrangements and miscellaneous provisions
Institutional arrangements: Financial intelligence functions of Commissioner

143Powers relating to financial intelligence functions of Commissioner

  1. The Commissioner may—

  2. order production of or access to all records, documents, or information from any reporting entity that is relevant to analysing information received by the Commissioner under this Act, with or without a court order; and
    1. share suspicious activity reports, prescribed transaction reports, cash reports, suspicious property reports, and other financial information and intelligence with regulators and domestic and international authorities for the purposes of this Act and regulations.

      1. Nothing in this section requires any person to disclose any privileged communication.

      Notes
      • Section 143(1)(a): amended, on , by section 54(1) of the Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2017 (2017 No 35).
      • Section 143(1)(b): amended, on , by section 54(2) of the Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2017 (2017 No 35).
      • Section 143(1)(b): amended, on , by section 54(3) of the Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2017 (2017 No 35).
      • Section 143(1)(b): amended, on , by section 23(2) of the Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2015 (2015 No 96).
      • Section 143(2): inserted, on , by section 54(4) of the Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2017 (2017 No 35).