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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

148: Review of guidelines

You could also call this:

"The Commissioner regularly checks guidelines to stop money laundering and terrorism."

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

The Commissioner has to check the guidelines for suspicious transactions or other activities from time to time. You can think of suspicious transactions as dealings that might be linked to money laundering or terrorism. The Commissioner must follow the same process as when they are creating new guidelines, which is outlined in sections 145 and 146.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM2141053.

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Money and consumer rights > TaxesCrime and justice > Police and safety
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147: Availability of guidelines, or

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

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149: Role of Ministry, or

"The Ministry helps stop money laundering and terrorism funding by advising and checking the system."

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

148Review of guidelines

  1. The Commissioner must review from time to time any suspicious transaction or other activity guidelines for the time being in force.

  2. Sections 145 and 146 apply, with all necessary modifications, in relation to any such review as if the review were a proposal to issue suspicious transaction or other activity guidelines.

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Notes
  • Section 148(1): amended, on , by section 59(1) of the Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2017 (2017 No 35).
  • Section 148(2): amended, on , by section 59(2) of the Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2017 (2017 No 35).