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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

146: Consultation on proposed guidelines

You could also call this:

"Asking for opinions on new guidelines to help stop money laundering"

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

The Commissioner must talk to the Privacy Commissioner under the Privacy Act 2020 before issuing guidelines. You will see a public notice about the guidelines. The notice will ask some groups if they want to give their thoughts on the guidelines. The Commissioner will also talk to groups that want to give their thoughts. The Commissioner must think about what these groups say. This happens when the guidelines are changed or cancelled too. The Commissioner can also use other ways to tell people about the guidelines.

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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=DLM2141051.

Topics:
Money and consumer rights > Consumer protectionRights and equality > Privacy
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145: Guidelines relating to reporting of suspicious activities, or

"Rules for Reporting Suspicious Activities to Help Stop Money Laundering and Terrorism"

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147: Availability of guidelines, or

"Getting a copy of the rules to help stop money laundering"

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

146Consultation on proposed guidelines

  1. The Commissioner must, before issuing any suspicious transaction or other activity guidelines,—

  2. consult with, and invite representations from, the Privacy Commissioner under the Privacy Act 2020, and must have regard to any such representations; and
    1. give public notice of the Commissioner's intention to issue the guidelines, which notice must contain a statement—
      1. indicating the Commissioner's intention to issue the guidelines; and
        1. inviting reporting entities that are likely to be affected by the proposed guidelines, and industry organisations that are representative of those reporting entities, to express to the Commissioner, within any reasonable period that is specified in the notice, their interest in being consulted in the course of the development of the guidelines; and
        2. consult with, and invite representations from, those reporting entities and industry organisations who express such an interest, and must have regard to any such representations.

          1. Nothing in subsection (1) prevents the Commissioner from adopting any additional means of publicising the proposal to issue any suspicious transaction or other activity guidelines or of consulting with interested parties in relation to such a proposal.

          2. This section applies to any amendment or revocation of any suspicious transaction or other activity guidelines.

          Compare
          Notes
          • Section 146(1): amended, on , by section 57(1) of the Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2017 (2017 No 35).
          • Section 146(1)(a): amended, on , by section 217 of the Privacy Act 2020 (2020 No 31).
          • Section 146(2): amended, on , by section 57(2) of the Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2017 (2017 No 35).
          • Section 146(3): amended, on , by section 57(3) of the Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2017 (2017 No 35).