Global AML network view
Not publicly listed Increased monitoring Call for action Selected jurisdiction Small territory marker
100%
Select a jurisdiction on the map or list. Use zoom controls for small territories.
OCEANIA · AUSTRALIA AND NEW ZEALAND

New Zealand

FATF public-list status No FATF public-list status
Assessment network
Profile Changed 2026-10-15
Profile sections

Overview

Regulatory TimelineTrack FATF / FSRB and FIU-network participation alongside FATF public-list status and national regulatory activity over time.
FATFGlobal standard setter
Member · since 1991
APGRegional / assessment body
Member · since 27.02.1997
Egmont GroupFIU network
FIU member · since 30.06.1997
FATF public-list status & assessments
Not publicly listed · 2 assessment milestones
Local regulatory activity
16 local changes
19912000201020202026
Regulatory history timeline
Bars show verified participation periods. Diamonds mark MER / FUR assessment milestones. FATF public-list bands show status history. Local markers show regulatory changes, with marker size reflecting change density.
Jurisdiction framework
AML FrameworkNational / regional framework
Primary AML/CFT Framework

New Zealand’s framework is anchored in the AML/CFT Act 2009 and associated regulations, expanded by Phase 2 and materially reformed in 2025–26. The 2026 Amendment Acts strengthen the risk-based approach and consolidate supervision. The AML/CFT National Strategy 2026–2030 took effect on 1 July 2026 and sets the cross-agency implementation programme for the reformed system. Part 2 of the Statutes Amendment Act 2025 updated identity-verification and activity/transaction reporting clauses of the AML/CFT Act with effect from 27 November 2025, preceding the larger 2026 reforms.

FATF Recommendations remain the international baseline; the cited national or regional framework controls the legal obligation.
CDD & Beneficial OwnershipCustomer / entity controls

CDD under the Act requires identification and verification of beneficial owners. DIA’s July 2026 guidance suite contains updated beneficial-ownership and entity-specific CDD guidance.

Ownership, control, verification, PEP/EDD and registry rules are jurisdiction-specific. A 25% beneficial-ownership threshold is not a universal AML rule.
Monitoring & ReportingOngoing controls and FIU reporting

Reporting entities file suspicious activity and prescribed transaction reports, maintain risk assessments/programmes and comply with CDD, monitoring and audit requirements under the Act.

Monitoring, screening, periodic review, escalation and suspicious reporting should be read against the applicable supervisor and primary rule.

Compliance Calendar5

Scheduled obligations
3
Requirement AML/CFT supervisory levy
Authority / Report toAML/CFT supervisor (Department of Internal Affairs under the current single-supervisor model)
Deadline / triggerPay by the due date or dates specified in the supervisor invoice. The invoice due date must be no earlier than 30 days after the invoice issue date, subject to the challenge/judicial-review timing rules in regulation 6(4).

Requirement

Subject scope
Reporting entities that fall within a leviable class in Schedule 2 of the AML/CFT (Levy) Regulations 2026. Regulation 6 excludes reporting entities exempted from sections 10 to 71 of the Act under sections 156E or 157.
Trigger
For each financial year in which the reporting entity falls within a leviable class, beginning with the financial year commencing 1 July 2027. The AML/CFT supervisor calculates or estimates the levy and issues an invoice.
Filing channel
Payment method and due date are specified in the AML/CFT supervisor invoice.

Impact

Consequences of non-compliance
An unpaid levy is recoverable as a debt due to the Crown under regulation 13.
Enforcement authority
AML/CFT supervisor / Crown debt recovery
Operational impact
Reporting entities should identify whether they fall within a Schedule 2 class, budget for the annual levy from the 2027/2028 financial year, and route supervisor invoices for timely review and payment.
Requirement Annual AML/CFT Report
Authority / Report toDepartment of Internal Affairs (DIA)
Deadline / triggerFor the 2025/2026 period: submit between 1 July and 31 August 2026.

Requirement

Subject scope
Reporting entities required to submit the statutory annual AML/CFT report; form content differs by entity category.
Trigger
Annual reporting season for the preceding AML/CFT reporting period.
Filing channel
AML Online.

Impact

Consequences of non-compliance
Failure to submit an annual report is a compliance breach and may result in DIA supervisory/enforcement action under the AML/CFT Act.
Enforcement authority
Department of Internal Affairs
Operational impact
Calendar owners can treat 31 August 2026 as the current external deadline while preserving entity-specific preparation and approval milestones internally.
Requirement Independent AML/CFT audit
Authority / Report toDepartment of Internal Affairs (supervisory oversight)
Deadline / triggerEvery 3 years by default, unless DIA notifies the entity that a 4-year timeframe applies; DIA may also require an audit at another time.

Requirement

Subject scope
Reporting entities subject to the independent audit requirement.
Trigger
Expiry of the applicable audit cycle, or earlier request by DIA.
Filing channel
Independent audit retained/provided as required; no universal portal filing is asserted.

Impact

Consequences of non-compliance
Failure to maintain the required audit can lead to DIA supervisory/enforcement action.
Enforcement authority
Department of Internal Affairs
Operational impact
Track the entity-specific last-audit date and any DIA notice rather than assuming one nationwide calendar date.
Event-driven obligations
2
Requirement Prescribed Transaction Reports (LCT / IFT)
Authority / Report toNew Zealand Police Financial Intelligence Unit (FIU)
Deadline / triggerReportable when the prescribed transaction occurs. The current public FIU page confirms thresholds and submission methods but mapped sources do not assert an exact universal filing-day clock without verifying the current regulation provision.

Requirement

Subject scope
Reporting entities conducting prescribed large cash transactions or international funds transfers.
Trigger
Large Cash Transaction: physical currency NZ$10,000 or more. International Funds Transfer: NZ$1,000 or more where the statutory cross-border conditions are met.
Filing channel
goAML Web form, XML upload or approved B2B automated submission.

Impact

Consequences of non-compliance
Failure to report a prescribed transaction may result in AML/CFT enforcement. Exact sanction depends on the statutory breach.
Enforcement authority
New Zealand Police FIU / DIA as supervisor
Operational impact
Transaction systems should detect both NZ$10,000 physical-cash events and NZ$1,000 qualifying international transfers and route them to goAML processes.
Requirement Suspicious Activity Report (SAR)
Authority / Report toNew Zealand Police Financial Intelligence Unit (FIU)
Deadline / triggerNo later than 3 working days after reasonable grounds for suspicion are formed.

Requirement

Subject scope
Reporting entities under the AML/CFT Act when reasonable grounds for suspicion are formed.
Trigger
Reasonable grounds for suspicion are formed in relation to suspicious activity or transaction circumstances.
Filing channel
goAML Web.

Impact

Consequences of non-compliance
Failure to meet statutory reporting obligations can result in AML/CFT Act enforcement; penalty depends on the particular breach and proceedings.
Enforcement authority
New Zealand Police FIU / DIA as supervisor
Operational impact
Internal escalation should be shorter than the statutory outer limit so that review, approval and goAML filing are completed within three working days.

Authorities & FIU6

Authority / issuing bodyNew Zealand Legislation
Authority / issuing bodyNew Zealand Department of Internal Affairs
Jurisdiction updatesRegulatory updates

FATF Assessment

FATF Compliance & Effectiveness
Technical Compliance40 FATF Recommendations
Ratings updated 2024-07 · via FUR

Measures how fully the jurisdiction has implemented FATF’s technical requirements. It does not measure practical effectiveness.

C9Compliant

Requirements met.

LC25Largely compliant

Only minor shortcomings.

PC6Partially compliant

Moderate shortcomings.

NC0Non-compliant

Major shortcomings.

NA0Not applicable

The requirement does not apply because of structural, legal or institutional features of the jurisdiction.

Effectiveness11 Immediate Outcomes
Ratings from MER 2021-04

Measures whether the AML/CFT system achieves its intended results in practice. Follow-up reports do not normally replace these ratings.

HE2High effectiveness

The outcome is achieved to a very large extent; only minor improvements are needed.

SE4Substantial effectiveness

The outcome is achieved to a large extent; moderate improvements are needed.

ME5Moderate effectiveness

The outcome is achieved to some extent; major improvements are needed.

LE0Low effectiveness

The outcome is not achieved, or only to a negligible extent; fundamental improvements are needed.

Explore 40 FATF RecommendationsSee every Technical Compliance rating and what it means.
C · CompliantRequirements met.
LC · Largely compliantOnly minor shortcomings.
PC · Partially compliantModerate shortcomings.
NC · Non-compliantMajor shortcomings.
N/A · Not applicableThe requirement does not apply because of structural, legal or institutional features of the jurisdiction.
AML/CFT Policies and Coordination
R.1
Assessing Risks and Applying a Risk-Based Approach
LCLargely compliantOnly minor shortcomings.
R.2
National cooperation and coordination
CCompliantRequirements met.
Money Laundering and Confiscation
R.3
Money laundering offence
CCompliantRequirements met.
R.4
Confiscation and provisional measures
CCompliantRequirements met.
Terrorist Financing and Financing of Proliferation
R.5
Terrorist financing offence
LCLargely compliantOnly minor shortcomings.
R.6
Targeted financial sanctions related to terrorism & terrorist financing
LCLargely compliantOnly minor shortcomings.
R.7
Targeted financial sanctions related to proliferation
PCPartially compliantModerate shortcomings.
R.8
Non-profit organisations
LCLargely compliantOnly minor shortcomings.
Preventive Measures
R.9
Financial institution secrecy laws
CCompliantRequirements met.
R.10
Customer due diligence
LCLargely compliantOnly minor shortcomings.
R.11
Record keeping
LCLargely compliantOnly minor shortcomings.
R.12
Politically exposed persons
PCPartially compliantModerate shortcomings.
R.13
Correspondent banking
LCLargely compliantOnly minor shortcomings.
R.14
Money or value transfer services
LCLargely compliantOnly minor shortcomings.
R.15
New technologies
LCLargely compliantOnly minor shortcomings.
R.16
Wire transfers
LCLargely compliantOnly minor shortcomings.
R.17
Reliance on third parties
LCLargely compliantOnly minor shortcomings.
R.18
Internal controls and foreign branches and subsidiaries
PCPartially compliantModerate shortcomings.
R.19
Higher-risk countries
CCompliantRequirements met.
R.20
Reporting of suspicious transactions
CCompliantRequirements met.
R.21
Tipping-off and confidentiality
CCompliantRequirements met.
R.22
DNFBPs: Customer due diligence
LCLargely compliantOnly minor shortcomings.
R.23
DNFBPs: Other measures
LCLargely compliantOnly minor shortcomings.
Transparency and Beneficial Ownership of Legal Persons and Arrangements
R.24
Transparency and beneficial ownership of legal persons
PCPartially compliantModerate shortcomings.
R.25
Transparency and beneficial ownership of legal arrangements
LCLargely compliantOnly minor shortcomings.
Powers and Responsibilities of Competent Authorities and Other Institutional Measures
R.26
Regulation and supervision of financial institutions
PCPartially compliantModerate shortcomings.
R.27
Powers of supervisors
LCLargely compliantOnly minor shortcomings.
R.28
Regulation and supervision of DNFBPs
PCPartially compliantModerate shortcomings.
R.29
Financial intelligence units
CCompliantRequirements met.
R.30
Responsibilities of law enforcement and investigative authorities
CCompliantRequirements met.
R.31
Powers of law enforcement and investigative authorities
LCLargely compliantOnly minor shortcomings.
R.32
Cash couriers
LCLargely compliantOnly minor shortcomings.
R.33
Statistics
LCLargely compliantOnly minor shortcomings.
R.34
Guidance and feedback
LCLargely compliantOnly minor shortcomings.
R.35
Sanctions
LCLargely compliantOnly minor shortcomings.
International Cooperation
R.36
International instruments
LCLargely compliantOnly minor shortcomings.
R.37
Mutual legal assistance
LCLargely compliantOnly minor shortcomings.
R.38
Mutual legal assistance: freezing and confiscation
LCLargely compliantOnly minor shortcomings.
R.39
Extradition
LCLargely compliantOnly minor shortcomings.
R.40
Other forms of international cooperation
LCLargely compliantOnly minor shortcomings.
Explore 11 Immediate OutcomesSee how FATF rates whether the AML/CFT system works in practice.
HE · High effectivenessThe outcome is achieved to a very large extent; only minor improvements are needed.
SE · Substantial effectivenessThe outcome is achieved to a large extent; moderate improvements are needed.
ME · Moderate effectivenessThe outcome is achieved to some extent; major improvements are needed.
LE · Low effectivenessThe outcome is not achieved, or only to a negligible extent; fundamental improvements are needed.
IO1
Risk understanding & national coordination

Money laundering and terrorist financing risks are understood and, where appropriate, actions co-ordinated domestically to combat money laundering and the financing of terrorism and proliferation.

SESubstantial effectivenessThe outcome is achieved to a large extent; moderate improvements are needed.
IO2
International cooperation

International co-operation delivers appropriate information, financial intelligence, and evidence, and facilitates action against criminals and their assets.

HEHigh effectivenessThe outcome is achieved to a very large extent; only minor improvements are needed.
IO3
AML/CFT supervision

Supervisors appropriately supervise, monitor and regulate financial institutions, DNFBPs and VASPs for compliance with AML/CFT requirements commensurate with their risks.

MEModerate effectivenessThe outcome is achieved to some extent; major improvements are needed.
IO4
Preventive measures & suspicious reporting

Financial institutions, DNFBPs and VASPs adequately apply AML/CFT preventive measures commensurate with their risks, and report suspicious transactions.

MEModerate effectivenessThe outcome is achieved to some extent; major improvements are needed.
IO5
Beneficial ownership transparency

Legal persons and arrangements are prevented from misuse for money laundering or terrorist financing, and information on their beneficial ownership is available to competent authorities without impediments.

MEModerate effectivenessThe outcome is achieved to some extent; major improvements are needed.
IO6
Use of financial intelligence

Financial intelligence and all other relevant information are appropriately used by competent authorities for money laundering and terrorist financing investigations.

SESubstantial effectivenessThe outcome is achieved to a large extent; moderate improvements are needed.
IO7
Money laundering investigation & prosecution

Money laundering offences and activities are investigated and offenders are prosecuted and subject to effective, proportionate and dissuasive sanctions.

SESubstantial effectivenessThe outcome is achieved to a large extent; moderate improvements are needed.
IO8
Confiscation & asset recovery

Proceeds and instrumentalities of crime are confiscated.

HEHigh effectivenessThe outcome is achieved to a very large extent; only minor improvements are needed.
IO9
Terrorist financing investigation & prosecution

Terrorist financing offences and activities are investigated and persons who finance terrorism are prosecuted and subject to effective, proportionate and dissuasive sanctions.

SESubstantial effectivenessThe outcome is achieved to a large extent; moderate improvements are needed.
IO10
Terrorist financing prevention & NPO protection

Terrorists, terrorist organisations and terrorist financiers are prevented from raising, moving and using funds, and from abusing the NPO sector.

MEModerate effectivenessThe outcome is achieved to some extent; major improvements are needed.
IO11
Proliferation financing financial sanctions

Persons and entities involved in the proliferation of weapons of mass destruction are prevented from raising, moving and using funds, consistent with the relevant UNSCRs.

MEModerate effectivenessThe outcome is achieved to some extent; major improvements are needed.
Official FATF consolidated ratings · 2013 Methodology

Regulatory Timeline45

LOCAL changes 16
GLOBAL milestones 29
National history from1991
20267 events
10.09.2026
LOCALFuture effectiveNew Zealand Ministry of JusticeBanking / Credit InstitutionsPayments / EMI / Money Transfer
Anti-Money Laundering and Countering Financing of Terrorism (Levy) Regulations 2026

New Zealand made regulations establishing the AML/CFT levy framework for reporting entities in prescribed leviable classes. The regulations come into force on 8 October 2026, with prescribed levies applying from the financial year commencing 1 July 2027.

Effective 08.10.2026Open update ↗
09.09.2026
LOCALAssessment
New Zealand DIA publishes 2026 accounting-sector money-laundering risk assessment

On 9 September 2026 New Zealand’s Department of Internal Affairs published the Accounting Sector Risk Assessment 2026. It evaluates money laundering, terrorist financing and proliferation financing exposure in accounting practices, informed by the 2024 national risk assessment, supervisory observations and intelligence. The publication updates guidance on sector-level risks but does not in itself create a new AML statute.

Effective not specifiedOpen update ↗
01.07.2026
LOCALStrategyNew Zealand Ministry of JusticeBanking / Credit InstitutionsPayments / EMI / Money Transfer
New Zealand AML/CFT National Strategy 2026–2030 takes effect

New Zealand’s AML/CFT National Strategy 2026–2030 came into effect on 1 July 2026, setting the Government’s plan and cross-agency work programme for the AML/CFT system.

Effective 01.07.2026Open update ↗
01.07.2026
LOCALAmendmentDepartment of Internal Affairs
DIA is now New Zealand's sole Anti-Money Laundering supervisor

From 1 July 2026, the Department of Internal Affairs supervises all reporting entities under New Zealand’s AML/CFT Act.

Effective 01.07.2026Open update ↗
18.05.2026
LOCALNew ruleNew Zealand Ministry of JusticeBanking / Credit InstitutionsPayments / EMI / Money Transfer
Supervisor, Levy and Other Matters Amendment Act 2026 creates the basis for a single AML/CFT supervisor

The reform creates DIA’s single-supervisor mandate and additional secondary-legislation powers, with key supervisory changes effective 1 July 2026.

Effective 01.07.2026Open update ↗
20254 events
26.11.2025
LOCALAmendmentBanking / Credit Institutions
New Zealand Statutes Amendment Act 2025 makes targeted changes to AML/CFT identity verification and reporting

The Statutes Amendment Act 2025 (2025 No 74), assented to on 26 November 2025 and effective on 27 November 2025, amends sections 5, 16, 24, 40 and 48A of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. The amendments address interpretation, verification of identity for standard and enhanced CDD, suspicious activity reports, and prescribed transaction reports.

Effective 27.11.2025Open update ↗
18.06.2025
GLOBALGlobal standardPayment transparencyFATFBanking / Credit InstitutionsPayments / EMI / Money Transfer
FATF updates Standards on Recommendation 16 on Payment Transparency

FATF revised Recommendation 16 to standardise payment information and strengthen fraud/error controls in cross-border payments.

CURRENT FATF RELATIONSHIPDirect FATF member · also APG

Current relationship. Direct FATF membership and any listed regional assessment network participation are current profile relationships only. The GLOBAL milestone does not prove membership or domestic implementation on the event date; those remain LOCAL/STATUS evidence.

FATF Global Network ↗
Published 18.06.2025 · Future-effective global standard · Country implementation is separateOpen update ↗
01.05.2025
LOCALNew ruleDepartment of Internal AffairsBanking / Credit InstitutionsPayments / EMI / Money Transfer
Customer risk-rating record requirement takes effect in New Zealand

From 1 June 2025 reporting entities must keep a customer risk rating, review it during ongoing CDD/account monitoring and update it where appropriate; DIA guidance is used as official implementation evidence for the effective requirement.

Effective 01.06.2025Open update ↗
25.02.2025
GLOBALGlobal standardRisk-based approach / financial inclusionFATF
FATF updates Standards and consults on guidance to better promote financial inclusion

FATF amended Recommendation 1 and related interpretive material to strengthen proportionality and simplified measures under the risk-based approach.

CURRENT FATF RELATIONSHIPDirect FATF member · also APG

Current relationship. Direct FATF membership and any listed regional assessment network participation are current profile relationships only. The GLOBAL milestone does not prove membership or domestic implementation on the event date; those remain LOCAL/STATUS evidence.

FATF Global Network ↗
Global standard · 25.02.2025 · Country implementation/status is separateOpen update ↗
20232 events
27.10.2023
GLOBALGlobal standardAsset recoveryFATF
FATF strengthens global asset-recovery and confiscation standards

FATF revised Recommendations 4, 30, 31 and 38 and related interpretive material to make asset recovery a stronger operational priority, expand tools to trace and confiscate criminal property and improve domestic and international cooperation.

CURRENT FATF RELATIONSHIPDirect FATF member · also APG

Current relationship. Direct FATF membership and any listed regional assessment network participation are current profile relationships only. The GLOBAL milestone does not prove membership or domestic implementation on the event date; those remain LOCAL/STATUS evidence.

FATF Global Network ↗
Global standard · 27.10.2023 · Country implementation/status is separateOpen update ↗
24.02.2023
GLOBALGlobal standardBeneficial ownershipFATF
FATF strengthens beneficial-ownership transparency for trusts and legal arrangements

At its February 2023 Plenary FATF revised Recommendation 25 and its Interpretive Note to strengthen transparency and beneficial-ownership requirements for trusts and similar legal arrangements, complementing the 2022 strengthening of Recommendation 24 for legal persons.

CURRENT FATF RELATIONSHIPDirect FATF member · also APG

Current relationship. Direct FATF membership and any listed regional assessment network participation are current profile relationships only. The GLOBAL milestone does not prove membership or domestic implementation on the event date; those remain LOCAL/STATUS evidence.

FATF Global Network ↗
Global standard · 24.02.2023 · Country implementation/status is separateOpen update ↗
20221 event
04.03.2022
GLOBALGlobal standardBeneficial ownershipFATF
FATF Recommendation 24 — beneficial ownership of legal persons

FATF strengthened Recommendation 24 on beneficial ownership transparency for legal persons.

CURRENT FATF RELATIONSHIPDirect FATF member · also APG

Current relationship. Direct FATF membership and any listed regional assessment network participation are current profile relationships only. The GLOBAL milestone does not prove membership or domestic implementation on the event date; those remain LOCAL/STATUS evidence.

FATF Global Network ↗
Global standard · 04.03.2022 · Country implementation/status is separateOpen update ↗
20202 events
23.10.2020
GLOBALGlobal standardPFFATF
FATF requires proliferation-financing risk assessment and mitigation

FATF amended Recommendations 1 and 2 and their Interpretive Notes so countries and covered private-sector entities must identify, assess and mitigate risks of breaches, non-implementation or evasion of proliferation-related targeted financial sanctions.

CURRENT FATF RELATIONSHIPDirect FATF member · also APG

Current relationship. Direct FATF membership and any listed regional assessment network participation are current profile relationships only. The GLOBAL milestone does not prove membership or domestic implementation on the event date; those remain LOCAL/STATUS evidence.

FATF Global Network ↗
Global standard · 23.10.2020 · Country implementation/status is separateOpen update ↗
02.07.2020
GLOBALSupervisory standardSupervisory cooperation
Basel Committee strengthens cooperation between prudential and AML/CFT supervisors

The Basel Committee revised its ML/TF risk-management guidelines to add principles for information exchange and cooperation between prudential and AML/CFT supervisors in authorisation, ongoing supervision and enforcement.

COUNTRY APPLICABILITYNon-binding global benchmark

A Basel supervisory publication does not become domestic law merely because it is GLOBAL. National adoption, supervisory use or incorporation must be evidenced by a LOCAL milestone or source.

Basel Committee on Banking Supervision ↗
Global supervisory benchmark · 02.07.2020 · Domestic adoption is separateOpen update ↗
20191 event
21.06.2019
GLOBALGlobal standardVirtual assets / Travel RuleFATF
FATF adopts the R.15 Interpretive Note and applies the Travel Rule framework to VASPs

FATF adopted detailed implementation requirements for virtual assets and VASPs in June 2019, including the application of wire-transfer information requirements commonly described as the Travel Rule. This operationalised the virtual-asset perimeter introduced through the 2018 Recommendation 15 revision.

CURRENT FATF RELATIONSHIPDirect FATF member · also APG

Current relationship. Direct FATF membership and any listed regional assessment network participation are current profile relationships only. The GLOBAL milestone does not prove membership or domestic implementation on the event date; those remain LOCAL/STATUS evidence.

FATF Global Network ↗
Global standard · 21.06.2019 · Country implementation/status is separateOpen update ↗
20182 events
19.10.2018
GLOBALGlobal standardVirtual assets / VASPsFATF
FATF Recommendation 15 is revised for virtual assets and VASPs

In October 2018 FATF revised Recommendation 15 and added the definitions of virtual asset and virtual asset service provider, formally bringing virtual-asset activity into the global AML/CFT standards architecture. Detailed implementation requirements followed in 2019.

CURRENT FATF RELATIONSHIPDirect FATF member · also APG

Current relationship. Direct FATF membership and any listed regional assessment network participation are current profile relationships only. The GLOBAL milestone does not prove membership or domestic implementation on the event date; those remain LOCAL/STATUS evidence.

FATF Global Network ↗
Global standard · 19.10.2018 · Country implementation/status is separateOpen update ↗
2018
LOCALAmendmentDepartment of Internal AffairsLegal ServicesAccounting / Audit / Tax
AML/CFT Phase 2 expansion

New Zealand Phase 2 extended AML/CFT obligations beyond the original financial-sector perimeter to professions and businesses including lawyers, accountants, real estate and high-value dealers.

Effective 2018Open update ↗
20171 event
10.08.2017
LOCALAmendmentDepartment of Internal AffairsLegal ServicesAccounting / Audit / Tax
Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2017

New Zealand expanded the AML/CFT regime to lawyers, accountants, real estate agents, additional trust and company service providers and certain high-value dealers.

Effective 11.08.2017Open update ↗
20141 event
15.01.2014
GLOBALSupervisory standardBank supervision
Basel Committee integrates ML/TF risk into banks’ overall risk-management framework

The Basel Committee issued Sound management of risks related to money laundering and financing of terrorism, superseding its 2001 CDD and 2004 consolidated KYC papers and integrating ML/TF risk management with prudential supervisory expectations.

COUNTRY APPLICABILITYNon-binding global benchmark

A Basel supervisory publication does not become domestic law merely because it is GLOBAL. National adoption, supervisory use or incorporation must be evidenced by a LOCAL milestone or source.

Basel Committee on Banking Supervision ↗
Global supervisory benchmark · 15.01.2014 · Domestic adoption is separateOpen update ↗
20121 event
16.02.2012
GLOBALGlobal standardAML/CFT/CPF standardsFATF
International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation

FATF adopted a consolidated revised set of 40 Recommendations integrating AML, CFT and proliferation-financing safeguards.

CURRENT FATF RELATIONSHIPDirect FATF member · also APG

Current relationship. Direct FATF membership and any listed regional assessment network participation are current profile relationships only. The GLOBAL milestone does not prove membership or domestic implementation on the event date; those remain LOCAL/STATUS evidence.

FATF Global Network ↗
Global standard · 16.02.2012 · Country implementation/status is separateOpen update ↗
20091 event
16.10.2009
LOCALNew ruleDepartment of Internal AffairsBanking / Credit InstitutionsPayments / EMI / Money Transfer
Anti-Money Laundering and Countering Financing of Terrorism Act 2009

New Zealand enacted its principal AML/CFT statute.

Effective 30.06.2013Open update ↗
20062 events
23.12.2006
GLOBALUNSC · bindingPF / TFS
UN Security Council Resolution 1737 establishes Iran proliferation-related asset-freeze measures

Resolution 1737 imposed binding measures concerning Iran’s proliferation-sensitive nuclear activities, including an asset freeze on designated individuals and entities. Together with the DPRK regime, it forms a foundational UN counter-proliferation targeted-financial-sanctions architecture.

CURRENT CHARTER RELATIONSHIPUN Member State · Article 25 obligation

UN Members agree to accept and carry out Security Council decisions. This current Charter relationship is not proof of the jurisdiction’s domestic implementation, nor a claim about its membership status on the historical event date.

UN Charter · Article 25 ↗
Binding UNSC architecture · 23.12.2006 · National implementation is separateOpen update ↗
14.10.2006
GLOBALUNSC · bindingPF / TFS
UN Security Council Resolution 1718 establishes DPRK proliferation-related asset-freeze measures

Following the DPRK nuclear test, Resolution 1718 imposed binding sanctions including an asset freeze on designated persons and entities connected to the nuclear programme. It became a central UN targeted-financial-sanctions pillar for counter-proliferation financing.

CURRENT CHARTER RELATIONSHIPUN Member State · Article 25 obligation

UN Members agree to accept and carry out Security Council decisions. This current Charter relationship is not proof of the jurisdiction’s domestic implementation, nor a claim about its membership status on the historical event date.

UN Charter · Article 25 ↗
Binding UNSC architecture · 14.10.2006 · National implementation is separateOpen update ↗
20042 events
2004-10
GLOBALGlobal standardCFT / cash couriersFATF
FATF Ninth Special Recommendation

FATF added a ninth Special Recommendation addressing cash couriers and cross-border movement of currency.

CURRENT FATF RELATIONSHIPDirect FATF member · also APG

Current relationship. Direct FATF membership and any listed regional assessment network participation are current profile relationships only. The GLOBAL milestone does not prove membership or domestic implementation on the event date; those remain LOCAL/STATUS evidence.

FATF Global Network ↗
Global standard · 2004-10 · Country implementation/status is separateOpen update ↗
28.04.2004
GLOBALUNSC · bindingPF / WMD controls
UN Security Council Resolution 1540 creates binding global WMD-proliferation control duties

Resolution 1540 requires all States to adopt and enforce laws and domestic controls to prevent non-State actors from acquiring or using weapons of mass destruction and related materials. It forms a binding global legal pillar of the proliferation-financing control environment later reflected in FATF CPF standards.

CURRENT CHARTER RELATIONSHIPUN Member State · Article 25 obligation

UN Members agree to accept and carry out Security Council decisions. This current Charter relationship is not proof of the jurisdiction’s domestic implementation, nor a claim about its membership status on the historical event date.

UN Charter · Article 25 ↗
Binding UNSC architecture · 28.04.2004 · National implementation is separateOpen update ↗
20032 events
31.10.2003
GLOBALTreatyML / asset recovery
UNCAC adds a universal anti-corruption, laundering and asset-recovery treaty layer

The UN General Assembly adopted the United Nations Convention against Corruption on 31 October 2003. UNCAC addresses prevention of money laundering, laundering of corruption proceeds, confiscation and a dedicated asset-recovery framework; the Convention entered into force globally on 14 December 2005.

CURRENT TREATY STATUSParty

Current UN depositary relationship to 2003 UN Convention against Corruption. This is not a claim that the jurisdiction was already a Party on the GLOBAL event date; the national accession/ratification date is a separate LOCAL/STATUS fact.

UN Treaty Collection ↗
Treaty adopted 31.10.2003 · Global entry into force 14.12.2005 · Country treaty status is separateOpen update ↗
2003-06
GLOBALGlobal standardAML/CFT standardsFATF
The FATF Recommendations — 2003 revision

FATF comprehensively revised its AML/CFT Recommendations, strengthening preventive measures and extending coverage.

CURRENT FATF RELATIONSHIPDirect FATF member · also APG

Current relationship. Direct FATF membership and any listed regional assessment network participation are current profile relationships only. The GLOBAL milestone does not prove membership or domestic implementation on the event date; those remain LOCAL/STATUS evidence.

FATF Global Network ↗
Global standard · 2003-06 · Country implementation/status is separateOpen update ↗
20013 events
04.10.2001
GLOBALSupervisory standardCDD / KYC
Basel Committee establishes a global customer-due-diligence benchmark for banks

The Basel Committee issued Customer due diligence for banks, setting minimum supervisory expectations for customer acceptance, identification, ongoing monitoring and risk management. It became an influential global banking KYC/CDD benchmark and was later reflected in FATF standards.

COUNTRY APPLICABILITYNon-binding global benchmark

A Basel supervisory publication does not become domestic law merely because it is GLOBAL. National adoption, supervisory use or incorporation must be evidenced by a LOCAL milestone or source.

Basel Committee on Banking Supervision ↗
Global supervisory benchmark · 04.10.2001 · Domestic adoption is separateOpen update ↗
2001-10
GLOBALGlobal standardCFTFATF
FATF Special Recommendations on Terrorist Financing

FATF expanded its standards to terrorist financing through eight Special Recommendations.

CURRENT FATF RELATIONSHIPDirect FATF member · also APG

Current relationship. Direct FATF membership and any listed regional assessment network participation are current profile relationships only. The GLOBAL milestone does not prove membership or domestic implementation on the event date; those remain LOCAL/STATUS evidence.

FATF Global Network ↗
Global standard · 2001-10 · Country implementation/status is separateOpen update ↗
28.09.2001
GLOBALUNSC · bindingCFT / TFS
UN Security Council Resolution 1373 imposes binding CFT and freezing duties on all States

Resolution 1373 requires all States to prevent and suppress terrorist financing, criminalise the provision or collection of funds for terrorist acts, freeze terrorist assets without delay and prohibit making funds or financial services available to terrorists and related entities.

CURRENT CHARTER RELATIONSHIPUN Member State · Article 25 obligation

UN Members agree to accept and carry out Security Council decisions. This current Charter relationship is not proof of the jurisdiction’s domestic implementation, nor a claim about its membership status on the historical event date.

UN Charter · Article 25 ↗
Binding UNSC architecture · 28.09.2001 · National implementation is separateOpen update ↗
20001 event
15.11.2000
GLOBALTreatyML / organised crime
Palermo Convention broadens the international money-laundering framework beyond drug trafficking

The Palermo Convention was adopted on 15 November 2000 and broadened the international money-laundering framework beyond drug proceeds through criminalisation and preventive measures tied to transnational organised crime. It entered into force globally on 29 September 2003.

CURRENT TREATY STATUSParty

Current UN depositary relationship to 2000 Palermo Convention. This is not a claim that the jurisdiction was already a Party on the GLOBAL event date; the national accession/ratification date is a separate LOCAL/STATUS fact.

UN Treaty Collection ↗
Treaty adopted 15.11.2000 · Global entry into force 29.09.2003 · Country treaty status is separateOpen update ↗
19992 events
09.12.1999
GLOBALTreatyCFT
UN Terrorist Financing Convention establishes a treaty-level CFT framework

The UN General Assembly adopted the International Convention for the Suppression of the Financing of Terrorism on 9 December 1999, creating the treaty framework for criminalising terrorist financing and international cooperation. It entered into force globally on 10 April 2002.

CURRENT TREATY STATUSParty

Current UN depositary relationship to 1999 Terrorist Financing Convention. This is not a claim that the jurisdiction was already a Party on the GLOBAL event date; the national accession/ratification date is a separate LOCAL/STATUS fact.

UN Treaty Collection ↗
Treaty adopted 09.12.1999 · Global entry into force 10.04.2002 · Country treaty status is separateOpen update ↗
15.10.1999
GLOBALUNSC · bindingTFS
UN Security Council Resolution 1267 establishes a targeted asset-freeze regime

Resolution 1267 imposed an assets freeze and other targeted sanctions in the Taliban context and created the Security Council committee that became the foundation of the UN 1267 sanctions architecture. It is a key global precursor to modern terrorist-financing targeted financial sanctions.

CURRENT CHARTER RELATIONSHIPUN Member State · Article 25 obligation

UN Members agree to accept and carry out Security Council decisions. This current Charter relationship is not proof of the jurisdiction’s domestic implementation, nor a claim about its membership status on the historical event date.

UN Charter · Article 25 ↗
Binding UNSC architecture · 15.10.1999 · National implementation is separateOpen update ↗
19972 events
27.02.1997
LOCALStatus changeBanking / Credit Institutions
New Zealand becomes a founding APG member

New Zealand is one of the 13 founding members of the Asia/Pacific Group on Money Laundering established in Bangkok on 27 February 1997.

Relationship state from 27.02.1997Open update ↗
19962 events
01.04.1996
LOCALNew rule
Financial Transactions Reporting Act 1996 creates New Zealand’s first modern preventive/reporting AML framework

The Financial Transactions Reporting Act 1996 imposed identity-verification, suspicious-transaction reporting and recordkeeping obligations on financial institutions. The principal provisions came into force on 1 August 1996, creating the statutory reporting framework that preceded the AML/CFT Act 2009.

Effective 01.08.1996Open update ↗
1996
GLOBALGlobal standardAML standardsFATF
The FATF Recommendations — 1996 revision

FATF revised the Forty Recommendations to reflect evolving money-laundering methods and countermeasures.

CURRENT FATF RELATIONSHIPDirect FATF member · also APG

Current relationship. Direct FATF membership and any listed regional assessment network participation are current profile relationships only. The GLOBAL milestone does not prove membership or domestic implementation on the event date; those remain LOCAL/STATUS evidence.

FATF Global Network ↗
Global standard · 1996 · Country implementation/status is separateOpen update ↗
19951 event
09.06.1995
GLOBALFIU cooperationFIU cooperation
Egmont Group creates the global FIU cooperation network

Representatives of 13 financial intelligence units met in Brussels on 9 June 1995 and founded what became the Egmont Group. The milestone created the operational global network for FIU-to-FIU cooperation and exchange of financial intelligence.

CURRENT EGMONT RELATIONSHIPMember FIU · FIU-NZ

Current profile relationship to the Egmont network. This does not imply membership in 1995; admission history is a separate LOCAL/STATUS fact.

Egmont Group · Member FIUs ↗
Global FIU cooperation infrastructure · 09.06.1995 · FIU membership is separateOpen update ↗
19911 event
19901 event
1990
GLOBALGlobal standardAML standardsFATF
The Forty Recommendations of the Financial Action Task Force on Money Laundering

FATF issued its original Forty Recommendations, establishing the first global AML standard framework.

CURRENT FATF RELATIONSHIPDirect FATF member · also APG

Current relationship. Direct FATF membership and any listed regional assessment network participation are current profile relationships only. The GLOBAL milestone does not prove membership or domestic implementation on the event date; those remain LOCAL/STATUS evidence.

FATF Global Network ↗
Global standard · 1990 · Country implementation/status is separateOpen update ↗
19891 event
1989
GLOBALGlobal institutionGlobal standard-settingFATF
Financial Action Task Force is established by the G7

The G7 established FATF in 1989 to examine and develop measures to combat money laundering. FATF became the central global standard-setting body whose recommendations are implemented through national and regional AML/CFT frameworks.

CURRENT FATF RELATIONSHIPDirect FATF member · also APG

Current relationship. Direct FATF membership and any listed regional assessment network participation are current profile relationships only. The GLOBAL milestone does not prove membership or domestic implementation on the event date; those remain LOCAL/STATUS evidence.

FATF Global Network ↗
Global institutional milestone · 1989 · Country membership is separateOpen update ↗
19882 events
20.12.1988
GLOBALTreatyML criminalisation
Vienna Convention creates the first treaty-level international money-laundering criminalisation baseline

The Vienna Convention was adopted on 20 December 1988 and created the first treaty-level international obligation to criminalise laundering conduct linked to drug-trafficking proceeds, alongside confiscation and international-cooperation measures. It entered into force globally on 11 November 1990.

CURRENT TREATY STATUSParty

Current UN depositary relationship to 1988 Vienna Convention. This is not a claim that the jurisdiction was already a Party on the GLOBAL event date; the national accession/ratification date is a separate LOCAL/STATUS fact.

UN Treaty Collection ↗
Treaty adopted 20.12.1988 · Global entry into force 11.11.1990 · Country treaty status is separateOpen update ↗
1988-12
GLOBALSupervisory standardBank AML / KYC
Basel Committee issues principles to prevent criminal use of banks for money laundering

The Basel Committee published a Statement of Principles for banks aimed at reducing the risk that banking institutions would be used by criminals or as channels for money laundering. This helped establish the preventive and supervisory side of AML alongside the emerging criminal-law framework.

COUNTRY APPLICABILITYNon-binding global benchmark

A Basel supervisory publication does not become domestic law merely because it is GLOBAL. National adoption, supervisory use or incorporation must be evidenced by a LOCAL milestone or source.

Basel Committee on Banking Supervision ↗
Global supervisory benchmark · 1988-12 · Domestic adoption is separateOpen update ↗

Sources & Verification25

AML/CFT legislative changes — 2025–2026 reform packageNew Zealand Ministry of Justice · OFFICIAL SOURCEAML/CFT National Strategy 2026–2030New Zealand Ministry of Justice · REPORT / PUBLICATIONAML/CFT legislation overview — updated July 2026New Zealand Department of Internal Affairs · LAW / REGULATIONNew Zealand Follow-Up Report 2024Financial Action Task Force (FATF) · ASSESSMENT / PROFILENew Zealand Follow-Up Report 2022Financial Action Task Force (FATF) · ASSESSMENT / PROFILENew Zealand · FATF country profileFinancial Action Task Force (FATF) · ASSESSMENT / PROFILEAML/CFT Amendment Act 2017New Zealand Legislation · LAW / REGULATIONAML/CFT Act 2009New Zealand Legislation · LAW / REGULATIONFinancial Transactions Reporting Act 1996New Zealand Legislation · LAW / REGULATIONNew Zealand DIA publishes 2026 accounting-sector money-laundering risk assessmentNew Zealand Department of Internal Affairs · ASSESSMENT / PROFILEStatutes Amendment Act 2025 (2025 No 74), Part 2 — AML/CFT Act amendmentsNew Zealand Legislation · LAW / REGULATIONFATF RecommendationsFinancial Action Task Force (FATF) · OFFICIAL SOURCEFATF Countries & Global NetworkFinancial Action Task Force (FATF) · OFFICIAL SOURCEAsia/Pacific Group on Money LaunderingFinancial Action Task Force (FATF) · OFFICIAL SOURCEEgmont Group Member FIU InformationEgmont Group of Financial Intelligence Units · INSTITUTIONAL / REFERENCEFATF consolidated assessment ratingsTechnical Compliance & Effectiveness · 2013 MethodologyMutual Evaluation Report · 2021-04Official FATF / regional assessmentDIA · Annual AML/CFT ReportNew Zealand Department of Internal Affairs · REPORT / PUBLICATIONDIA · AML OnlineNew Zealand Department of Internal Affairs · GUIDANCENZFIU — Suspicious Activity and Transaction ReportsNew Zealand Financial Intelligence Unit (NZFIU) · INSTITUTIONAL / REFERENCENZ Police FIU · goAMLNew Zealand Financial Intelligence Unit (NZFIU) · INSTITUTIONAL / REFERENCENZ Police FIU · Prescribed Transactions ReportingNew Zealand Financial Intelligence Unit (NZFIU) · INSTITUTIONAL / REFERENCENew Zealand Financial Intelligence Unit (NZFIU)New Zealand Financial Intelligence Unit (NZFIU) · INSTITUTIONAL / REFERENCEAML/CFT information for financial institutions and casinosNew Zealand Department of Internal Affairs · GUIDANCEAnti-Money Laundering and Countering Financing of Terrorism (Levy) Regulations 2026New Zealand Legislation · LAW / REGULATION