Changes to the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act) and regulations bring in new requirements for reporting entities to report suspicious activity as well as suspicious transactions to the New Zealand Financial Intelligence Unit (FIU).
New Guideline: Suspicious Activity Reports (SAR)
The FIU have issued a Suspicious Activity Reporting Guideline to help clarify the obligation to report SARs under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act).
- Suspicious Activity Reporting Guideline 2018 (PDF 732KB)
Reporting Suspicious Activities
(Commencement date – 1 July 2018)
Suspicious activities will need to be reported to the FIU from 1 July 2018.
Businesses introduced under “Phase 2” of the AML/CFT Act 2009 will need to start reporting suspicious activities from the date they must start to comply with the Act. Further information is available on the Ministry of Justice website, including the commencement dates for “Phase 2” businesses.
How do I submit Suspicious Activity Reports (SARs)?
When do I need to submit a Suspicious Activity Report (SAR)?
What information do I need to include in a Suspicious Activity Report (SAR)?
Resource Library: How to complete Suspicious Activity and Transactions Reports
Reference material on how to complete suspicious activities and transactions reports are available from the Resource Library in goAML.
The Resource Library is available for reporting entities who have registered with goAML. To access, reporting entities will need to log into goAML and click on the question mark icon on the menu bar.