Prescribed Transactions Reporting

The Anti-Money Laundering and Countering Financing of Terrorism (Prescribed Transactions Reporting) Regulations 2016 are available from the New Zealand Legislation website. Go to http://legislation.govt.nz and search for Prescribed Transactions Reporting 2016.

These regulations bring in new requirements for reporting entities to report “prescribed transactions” to the Financial Intelligence Unit (FIU).

Also refer to the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Amendment Act 2017 which introduces further businesses.

Other relevant legislation includes:

Other relevant documents are:

When will the Prescribed Transactions Reporting regulations come into force?

From 1 November 2017, reporting entities must submit PTRs to the Financial Intelligence Unit (FIU).

For businesses introduced as part of the AML/CFT Amendment Act 2017 please refer to the Ministry of Justice website for commencement dates. Go to the Ministry of Justice website for Tackling money laundering and terrorist financing.

Why have these regulations been introduced?

Prescribed Transactions Reports (PTRs) of international wire transfers and domestic physical cash transactions will help build an intelligence picture across the entire financial system. This will become a national asset for New Zealand Inc., made up of information held by various AML/CFT sectors and reporting entities. On top of the current suspicious transaction reports (STRs), PTRs will add further transparency to the financial system by making certain money laundering and terrorist financing typologies even more difficult to hide, as well as improve the detection and thus disruption of organised crime, fraud and tax evasion.

Have a question about Prescribed Transactions Reporting?

For further information, please refer to the following PTR web pages:

If you are a reporting entity with a question that relates to developing PTR automation or require PTR documentation, please email goamlconsult.govt.nz

For reporting obligation questions (those of a regulatory nature), please email your Sector Supervisor.

Frequently Asked Questions (FAQs)

View our PTR Frequently Asked Questions (PDF 64KB)
(updated 14 August 2017)

Questions asked by reporting entities will be published in this document once a response has been collaboratively determined by the FIU, Ministry of Justice and the Sector Supervisors.