New Zealand; Report on the Observance of Standards and Codesâ€”FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

This report evaluates the Observance of Standards and Codes on the Financial Action Task Force (FATF) Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) for New Zealand (NZ). The assessment reveals that since its last evaluation in 1998, NZ has made few changes to its AML regime, but has introduced new legislation and associated institutional measures to combat terrorist financing. The criminal justice legislative measures for combating money laundering and terrorist financing are generally sound, and in several areas, the effectiveness of those measures has improved over time.

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Year of publication:	2005-08-10
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Combating the financing of terrorism \| money laundering \| terrorist \| terrorist financing \| law enforcement \| terrorism \| terrorist organisations \| financing of terrorism \| terrorist acts \| criminal activity \| terrorists \| international cooperation \| cash transactions \| suspicious transactions \| criminal investigation \| supervisory framework \| due diligence \| suspicious transaction \| customer identification \| civil forfeiture \| legal assistance \| criminal justice \| transaction reports \| internal controls \| predicate offences \| crime matters \| drug trafficking \| life insurance \| law enforcement information \| reporting requirements \| suspicious transaction reports \| financial transactions \| alternative remittance \| competent authorities \| dual criminality \| internal procedures \| criminal justice measures \| terrorist act \| foreign counterpart \| lawful purpose \| money remittance \| cash transaction \| predicate offence \| business relations \| large cash transactions \| money laundering offence \| suspicious transaction reporting \| reporting obligations \| police service \| terrorist ? activity \| laundered property \| unusual transactions \| monetary instruments \| exchange information \| legislative measures \| enforcement powers \| beneficial owners \| compliance officer \| money remitters \| banking supervision \| integrity standards \| share information \| combat money laundering \| financial investigators \| terrorism regime \| combating money laundering \| legal entities \| enforcement authorities \| law enforcement agency \| money laundering methods \| investigative techniques \| law enforcement authorities \| transaction records \| combating money \| due diligence measures \| legal assistance requests \| factual circumstances \| transaction reporting \| suspicious transactions reporting \| suspected terrorist \| illegal proceeds \| foreign jurisdictions \| adequate powers \| money laundering techniques \| civil liability \| undercover operations \| foreign banks \| suspicious patterns

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 05/284 1 pages long
Source:	RePEc - Research Papers in Economics

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