Anti-Money Laundering and Countering Financing of Terrorism (Supervisor, Levy, and Other Matters) Amendment Bill
This bill changes how New Zealand's anti-money laundering system works. Right now, three separate agencies watch over businesses to make sure they're not being used to hide criminal money. This bill merges that oversight into one single government agency. It also introduces a levy — a fee that businesses covered by the rules must pay — to help fund the system. Businesses dealing in certain goods can now voluntarily report suspicious activity to police. The changes take effect from 1 July 2026.
What this affects
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Businesses covered by anti-money laundering rules will have to pay a new fee to help fund the system that oversees them.
Every reporting entity must pay to the Crown, or to a prescribed person on behalf of the Crown, a levy prescribed by the regulations made under subsection (2).
The levies must be prescribed on the basis that the following costs should be met out of the levies: (a) a portion of the costs incurred by the Ministry, the AML/CFT supervisor, and the Commissioner in performing or exercising their functions, powers, and duties under this Act.
Progress through Parliament
Have your say
This bill is open for public submissions to the Economic Development, Science and Innovation Committee. Anyone can tell the committee what they think, and you don’t need to be an expert. Submissions close 20 August 2025.
Bill text sourced from legislation.govt.nz (Parliamentary Counsel Office). Arapono’s summary and breakdown are drafted with AI grounded in that official text and reviewed by an Arapono editor for accuracy and neutrality before publishing. Arapono is non-partisan and takes no position on this bill.