NZ Financial Intelligence Unit (FIU)

The New Zealand Financial Intelligence Unit (FIU) collects, analyses and disseminates financial intelligence relating to suspicious transactions/activities, money laundering and the financing of terrorism.

NZ Financial Intelligence Unit (FIU)

The Financial Intelligence Unit (FIU) sits within the Financial Crime Group framework and is mandated to assist with the detection and investigation of money laundering, terrorism financing and other offences.

The FIU collects, analyses and disseminates financial information received under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. These functions are undertaken on behalf of the Commissioner of Police.

The FIU helps the New Zealand government fulfil its obligations to the inter-governmental Financial Action Task Force (FATF), the government's organised crime strategy and the prevention and detection of acquisitive crime.

In particular the FIU collects and analyses information provided by external parties and reporting entities. Intelligence products are sent to other investigative and intelligence units within the New Zealand Police, other government agencies, sector supervisors, domestic partner agencies and to relevant international agencies.

The FIU receives information from Reporting Entities (REs) in the following forms:

Suspicious Activity Reports (SARs) which detail a narrative of the specific circumstances and reason for suspicion. SARs may or may not involve financial transactions and includes a synopsis of why the activity is considered suspicious.

Prescribed Transaction Reports (PTRs), including cash transactions of $10,000 or more involving physical currency, and international wire transfers of $1000 and above.

Border Cash Reports (BCRs) which are required to be completed by all persons who conduct cross-border transportation of any cash valued over NZ$10,000.

Based on this information, the FIU develops a range of intelligence products regarding criminal threats to the financial system. These products are then disseminated to Police Districts and other law enforcement agencies for further investigation.

Reports are submitted to the FIU using the GoAML Web application

The FIU has a responsibility under the AML/CFT Act to produce guidance material for reporting entities in relation to their suspicious and prescribed transaction/activity reporting obligations and about the methods and techniques used in money laundering and financing of terrorism.

 

NZ Financial Intelligence Unit (FIU)

The Financial Intelligence Unit (FIU) sits within the Financial Crime Group framework and is mandated to assist with the detection and investigation of money laundering, terrorism financing and other offences.

The FIU collects, analyses and disseminates financial information received under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. These functions are undertaken on behalf of the Commissioner of Police.

The FIU helps the New Zealand government fulfil its obligations to the inter-governmental Financial Action Task Force (FATF), the government's organised crime strategy and the prevention and detection of acquisitive crime.

In particular the FIU collects and analyses information provided by external parties and reporting entities. Intelligence products are sent to other investigative and intelligence units within the New Zealand Police, other government agencies, sector supervisors, domestic partner agencies and to relevant international agencies.

The FIU receives information from Reporting Entities (REs) in the following forms:

Suspicious Activity Reports (SARs) which detail a narrative of the specific circumstances and reason for suspicion. SARs may or may not involve financial transactions and includes a synopsis of why the activity is considered suspicious.

Prescribed Transaction Reports (PTRs), including cash transactions of $10,000 or more involving physical currency, and international wire transfers of $1000 and above.

Border Cash Reports (BCRs) which are required to be completed by all persons who conduct cross-border transportation of any cash valued over NZ$10,000.

Based on this information, the FIU develops a range of intelligence products regarding criminal threats to the financial system. These products are then disseminated to Police Districts and other law enforcement agencies for further investigation.

Reports are submitted to the FIU using the GoAML Web application

The FIU has a responsibility under the AML/CFT Act to produce guidance material for reporting entities in relation to their suspicious and prescribed transaction/activity reporting obligations and about the methods and techniques used in money laundering and financing of terrorism.

 

Prescribed Transactions Reporting

FIU Transactions

This page contains information on the Anti-Money Laundering and Countering Financing of Terrorism (Prescribed Transactions Reporting) Regulations 2016. ... More

GoAML – Financial Intelligence Unit Reporting Tool

Goaml icon

Find out about GoAML, which is used by the Financial Intelligence Unit to collect and analyse information on money laundering, terrorist financing and other serious offences. ... More

Suspicious Activity and Transaction Reports

suspicious icon

Suspicious activity as well as suspicious transactions need to be reported to the New Zealand Financial Intelligence Unit (FIU) in accordance with the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act) and regulations. ... More

FIU Reports

fiu reports

This page contains documents such as guidelines and risk assessments. It will also advise of changes to documents or reporting processes or other issues of interest to reporting entities. ... More

Who Are Reporting Entities and Sector Supervisors?

who are suspicious icon

This page describes the roles of reporting entities and sector supervisors in reporting suspected crimes. ... More

Financial Crime Prevention Network

Financial Crime Prevention Network (FCPN) logo

The Financial Crime Prevention Network (FCPN) is a Public Private Partnership (PPP) created to share information. ... More

FIU/ACAMS Conference 2021

This year’s annual Anti-Money Laundering and Countering Financing of Terrorism Conference will be held on 8-9 October 2019. ... More