Anti-Money Laundering and Countering Financing of Terrorism Act 2009

Enforcement - Offences - Offence relating to cash transactions

105A: Contravention of section 67A

You could also call this:

"Breaking a specific money laundering rule is an offence and can lead to punishment."

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

If you break section 67A, you commit an offence. You can be punished if you are found guilty. The punishment depends on who you are.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS830205.


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106: Failure to report cash equal to or above applicable threshold value moved into or out of New Zealand, or

"Not telling authorities about large cash amounts moved in or out of New Zealand"

Part 3Enforcement
Offences: Offence relating to cash transactions

105AContravention of section 67A

  1. A person commits an offence who contravenes section 67A.

  2. A person who commits an offence under subsection (1) is liable, on conviction, to,—

  3. in the case of an individual, either or both of the following:
    1. a term of imprisonment of not more than 2 years:
      1. a fine of up to $300,000; and
      2. in the case of a body corporate or partnership, a fine of up to $5 million.
        Notes
        • Section 105A: inserted, on , by section 31 of the Criminal Activity Intervention Legislation Act 2023 (2023 No 7).