Notice that the Ministers of Finance, Commerce, and Internal Affairs hereby approve the Anti-Money Laundering and Countering Financing of Terrorism: Identity Verification Code of Practice, pursuant to section 64 of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 ("the Act").
The Code of Practice sets out an acceptable method for complying with the minimum requirements of the relevant standard identity verification obligations under the Act.
In preparing the Code of Practice, the Ministry of Justice, Reserve Bank of New Zealand, Financial Markets
Authority and Department of Internal Affairs consulted entities regulated by the Act.
The Code of Practice is available for viewing and downloading at:
www.rbnz.govt.nz
www.fma.govt.nz
www.dia.govt.nz
The Code of Practice shall come into force on 30 June 2013.
Dated at Wellington this 24th day of August 2011.
HON NATHAN GUY, Minister of Internal Affairs.