Due Diligence

It is a requirement that all potential clients wishing to set up a foreign trust in New Zealand comply with all New Zealand laws including those related to the prevention and detection of money laundering and financing of terrorism.

The main legislation is the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 ("AML/CFT) which is designed to detect and deter money laundering and financing of terrorism. The other Acts which are linked to this Act and are to be complied with are:

    • Section 243 of the Crimes Act 1961 & Section 12 Misuse of Drugs Act 1975 (Money Laundering Offences
    • Criminal Proceeds (Recovery) Act 2009
    • Mutual Assistance in Criminal Matters Act 1992
    • Financial Transactions Reporting Act 1996 (FTRA)
    • Terrorism Suppression Act 2002

  • More details regarding these laws can be founds HERE