Submissions Analysis of the Exposure Draft Amendment Bill for Phase 2 of the AML/CFT Reforms

In December 2016 and January 2017, the Ministry of Justice sought feedback on an exposure draft of the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Amendment Bill.

The information paper asked several questions. The 3 key inputs were:

  • Is the exposure draft of the AML/CFT Amendment Bill clear and does it accurately reflect the initial proposals outlined in this paper?
  • Can businesses use provisions in the Bill to reduce compliance costs associated with Phase 2?
  • What else can be done to help businesses reduce compliance costs associated with implementation of Phase 2?


Read the summary of submissions

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