Anti-Money Laundering and Countering Financing of Terrorism Amendment Bill

Bills are proposals to make a new law or to change an existing one. Only Parliament can pass a bill. Each bill goes through several stages, giving MPs and the public the chance to have their say.

This bill will amend the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 so that the core obligations will also apply to real estate agents, lawyers, accountants, conveyancers, the New Zealand Racing Board, and some high-value dealers, and also establishes the Department of Internal Affairs as the relevant anti-money laundering and countering financing of terrorism supervisor for these entities.