Department of Internal Affairs Issues First Coordinated AML/CFT Formal Warnings to Ten Entities

New Zealand’s Department of Internal Affairs has issued coordinated formal warnings for the first time under its anti‑money‑laundering program. Ten reporting entities, including six law firms and one real‑estate agency, failed to conduct independent audits of their AML/CFT measures. The DIA identified the non‑compliance during a thematic review of the sector. Acting AML/CFT director Laura Olsen said the action signals clear expectations for compliance. She warned that money‑laundering harms ordinary people. The entities have been ordered to remediate gaps to avoid further enforcement. The department will continue monitoring for future breaches.

The warnings underscore the importance of robust AML controls to protect the financial system from illicit activity.