New Zealand - National & Sector Risk Assessments

National Risk Assessment

Reserve Bank of New Zealand

Download the National Risk Assessment 2019 PDF

The AML/CFT regime in New Zealand has a three-tiered risk assessment system. The FIU’s National Risk Assessment performs the function of describing the scale and nature of the criminality risks faced by New Zealand. This 2019 edition of the National Risk Assessment comprehensively sets out the current understanding of the national-level risks of illicit financing.

Sector Risk Assessments

FMA - AML/CFT Sector Risk Assessment

Download the AML/CFT Sector Risk Assessment 2021 PDF

The FMA supervises reporting entities (REs) in ten sectors under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (the Act).

The purpose of their Sector Risk Assessment (SRA) is to identify and communicate the money laundering/terrorism financing (ML/TF) risks faced by their REs. Identifying the risks is the first step towards combatting ML/TF. This step is integral to putting a risk-based approach in place and allocating compliance resources effectively.

DIA - Financial Institutions Sector

Download the Financial Institutions Sector Risk Assessment 2019 PDF

The Financial Institutions Sector Risk Assessment (SRA) is a review of the characteristics of the sectors covered by the AML/CFT Act including remitters, virtual asset service providers, payment providers, lenders and other financial institutions. This document is intended to help AML/CFT supervisors understand the money laundering and terrorism financing risks across these sectors and assist reporting entities by providing guidance on the specific risks and vulnerabilities relevant to their business.

DIA - Designated Non-Financial Businesses and Professions and Casinos Sector

Download the DNFBProfessions and Casinos Sector Risk Assessment 2019 PDF

The Designated Non-Financial Businesses and Professions and Casinos Sector Risk Assessment (DNFBP SRA) is a review of the characteristics of the sectors covered by the AML/CFT Act - lawyers, conveyancers, accountants, real estate agents, high value dealers and the New Zealand Racing Board. The SRA is intended to help AML/CFT supervisors understand the money laundering and terrorism financing risks across these sectors and assist reporting entities by providing guidance on the specific risks and vulnerabilities relevant to their business.

DIA - NZ-to-Pacific Money Remittance Sub-Sector Risk Assessment

Download the NZ-to-Pacific Money Remittance Sub-Sector Risk Assessment 2021 PDF 

The Department has undertaken a risk assessment of the NZ-to-Pacific Islands money remittance sub-sector.

The risk assessment finds that the overall money laundering and terrorism financing inherent risk rating for the NZ-to-Pacific remittance corridor is Medium.  It was also found that low value (under $1,000) remittance transactions from the Pacific Island seasonal workers in NZ to the Pacific Islands for family support, familial or cultural events are assessed to be of Low inherent ML/TF risk.