Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2012
Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2012
| Public Act | 2012 No 98 |
| Date of assent | 11 December 2012 |
| Commencement | see section 2 |
Contents
5 Prohibition on false customer names and customer anonymity
6 Failing to report suspicious transaction
7 Time limit for prosecution of offences relating to non-compliance with AML/CFT requirements
The Parliament of New Zealand enacts as follows:
1 Title
This Act is the Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2012.
2 Commencement
This Act comes into force on the day after the date on which it receives the Royal assent.
3 Principal Act amended
This Act amends the Anti-Money Laundering and Countering Financing of Terrorism Act 2009.
4 Interpretation
Subparagraph (d)(v) of the definition of designated business group in section 5 is amended by omitting
“to be a member of a designated entity”
.
5 Prohibition on false customer names and customer anonymity
Section 38(2)(a) is amended by omitting
“or the”
and substituting“and any”
.
6 Failing to report suspicious transaction
Section 92(b)(iv) is amended by omitting
“; and”
and substituting“; or”
.
7 Time limit for prosecution of offences relating to non-compliance with AML/CFT requirements
Section 104 is amended by omitting
“91 to 97”
and substituting“101 to 103”
.
8 Regulations relating to application of Act
Section 154(1)(k) is amended by omitting
“a member of a specified”
and substituting“eligible for inclusion in a”
.
Legislative history | |
|---|---|
| 5 December 2012 | Divided from Statutes Amendment Bill (No 3) (Bill 349–2) by committee of the whole House, third reading |
| 11 December 2012 | Royal assent |
This Act is administered by the Ministry of Justice.