The Department of Internal Affairs, the Financial Markets Authority and the Reserve Bank of New Zealand (‘the Supervisors’) welcome the changes to AML/CFT requirements as a result of the various Amendment Regulations coming into force on 1 June 2024. These changes will ensure New Zealand is meeting global AML/CFT standards. The Amendment Regulations introduce new requirements to the existing regulations relating to the cross-border transportation of cash, definitions, exemptions, requirements and compliance and prescribed transaction reporting.