Since the 2021 assessment of New Zealand's measures to tackle money laundering and terrorist financing and the 2022 Follow-Up, the country has taken a number of actions to strengthen its framework.
In line with the FATF Procedures for mutual evaluations, the country has reported back to the FATF on the action it has taken since their mutual evaluation.
Consequently, to reflect New Zealand's progress, the FATF has now re-rated the country on 5 Recommendations:
l Recommendation 14 is re-rated from partially compliant to largely compliant
l Recommendation 16 is re-rated from partially compliant to largely compliant
l Recommendation 19 is re-rated from partially compliant to compliant
l Recommendation 22 is re-rated from partially compliant to largely compliant
l Recommendation 23 is re-rated from partially compliant to largely compliant
Today, New Zealand is compliant on 9 Recommendations and largely compliant on 25. The country remains partially compliant on 6 Recommendations.
New Zealand will report back to the FATF on progress achieved in improving the implementation of its AML/CFT measures in its 5th round mutual evaluation.