Anti-Money Laundering and Countering Financing of Terrorism (Omnibus) Amendment Bill
This bill changes the law about stopping money laundering and terrorism financing. It updates rules for businesses like banks and real estate agents to make it harder for criminals to hide money. This means some businesses might ask for more information from customers to follow the new rules.
What this affects
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The bill aims to make it harder for criminals to use illegal money by strengthening rules against money laundering and funding terrorism.
An Act to amend the Anti-Money Laundering and Countering Financing of Terrorism Act 2009...
to strengthen New Zealand's framework for combating money laundering and the financing of terrorism
Progress through Parliament
Have your say
Submissions open once a bill reaches the select committee stage and the committee calls for them. In the meantime, you can write to your local MP about it.
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.