In accordance with section 157 of the Anti-Money Laundering and Countering Financing Terrorism Act 2009 (“Act”), the Associate Minister of Justice hereby gives notice that she has granted the following exemption from the Act:

Ministerial Exemption: Crown Regional Holdings Limited

1. As the Associate Minister of Justice, and pursuant to Section 157 of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009, I exempt Crown Regional Holdings Limited (“Crown Regional Holdings”) from the following provisions of the Act.
   1. Sections 10–71 (inclusive).
2. This exemption is made subject to the following conditions:
   1. The exemption is limited to the activities of Crown Regional Holdings only.
   2. Crown Regional Holdings must inform the Ministry of Justice of any changes that may affect the exemption and/or conditions imposed by this written instrument within 10 working days form when the change affecting the exemption occurs.
3. The exemption has been made for the following reasons:
   1. There is a low risk of money laundering and terrorism financing through Crown Regional Holdings because:
      1. Crown Regional Holdings is a Crown owned company subject to public accountability and transparency mechanisms.
      2. Crown Regional Holding’s activities are subject to legislative restraints and Ministerial oversight.
      3. Crown Regional Holding’s performance is monitored by the Crown through the Ministry of Business, Innovation and Employment and the Treasury and is subject to audit by the Auditor-General.
      4. Crown Regional Holdings can only invest Crown money and cannot invest funds belonging to or on behalf of a third party.
      5. Crown Regional Holdings does not accept cash payments.
      6. Funds provided to Crown Regional Holdings are routed through Crown Regional Holding’s bank account and are therefore subject to money laundering and terrorism financing scrutiny through the relevant bank’s usual anti-money laundering and countering financing of terrorism procedures.
   2. The obligations imposed on Crown Regional Holdings would be disproportionate given the low risk of money laundering and financing of terrorism.
   3. The exemption granted has a low impact on the integrity of the AML system in alignment with section 157 of the Act.

4. This exemption came into force on the day after the date I granted this exemption (17 February 2026).
5. This exemption will expire five years from the date it comes into force.

Any person wishing to provide comment on this notice should contact the AML/CFT Team at the Ministry of Justice by emailing amlcft.exemptions@justice.govt.nz.