This guidance has been developed by the New Zealand Law Society to further clarify the obligations of those reporting entities who send or receive wire transfers.

The Law Society consulted with DIA when drafting this guidance.  

The guidance has been prepared for your information only and does not constitute legal advice.  It cannot be relied on as evidence of complying with the requirements of the AML/CFT Act. 

A complete understanding of AML/CFT obligations and when they apply is fundamental to your compliance. Your starting point should be to read and understand the AML/CFT Act and its associated regulations. If you are still unclear of your obligations after reading the Act and this accompanying guidance, you should contact the supervisor and/or seek independent legal advice.

Read the AML/CFT Wire Transfer guidance.