AML requirements for accountants NZ (19 figures)
The Practice Compliance Obligations carries 19 published figures read from 4 sources' own pages; the 16 published figures given by record run from 5 to 10 year, read 5 November 2026.
- 22 to 3
- 3 to 5
- 85 to 6
- 56 to 7
- 7 to 9
- 49 to 10
Bands
| Bucket | Value |
|---|---|
| 2 to 3 | 2 figures |
| 3 to 5 | 0 figures |
| 5 to 6 | 8 figures |
| 6 to 7 | 5 figures |
| 7 to 9 | 0 figures |
| 9 to 10 | 4 figures |
4 of the 6 named sources read in full publish a figure; 2 publish none, read 5 November 2026.
By record and obligation and retention period
| Breakdown | Median | Range | Sources |
|---|---|---|---|
| record share register (shareholder names and addresses) | 10 year | 10 to 10 year | 1 |
| record share register (shares held by class) | 10 year | 10 to 10 year | 1 |
| record share register (share transfers) | 10 year | 10 to 10 year | 1 |
| record shareholder meeting minutes and resolutions | 7 year | 7 to 7 year | 1 |
| record director and committee meeting minutes and resolutions | 7 year | 7 to 7 year | 1 |
| record director certificates | 7 year | 7 to 7 year | 1 |
| record written communications to shareholders | 7 year | 7 to 7 year | 1 |
| record shareholder communications available for inspection | 10 year | 10 to 10 year | 1 |
| record liquidation and company accounting records | 6 year | 6 to 6 year | 1 |
| record transaction records | 5 year | 5 to 5 year | 1 |
| record suspicious activity reports | 5 year | 5 to 5 year | 1 |
| record identity verification records (business relationship) | 5 year | 5 to 5 year | 1 |
| record identity verification records (occasional transaction) | 5 year | 5 to 5 year | 1 |
| record wire transfer records (business relationship) | 5 year | 5 to 5 year | 1 |
| record wire transfer records (occasional transaction) | 5 year | 5 to 5 year | 1 |
| record risk assessment, AML/CFT programme and audit records | 5 year | 5 to 5 year | 1 |
| obligation audit of risk assessment and AML/CFT programme | 2 year | 2 to 2 year | 1 |
| obligation cross-border cash report (inbound sent) | 72 hour | 72 to 72 hour | 1 |
| obligation cross-border cash report (inbound received) | 72 hour | 72 to 72 hour | 1 |
| obligation international funds transfer prescribed transaction report (IFT-PTR) | 1,000 NZD | 1,000 to 1,000 NZD | 1 |
| obligation independent AML/CFT audit (Regulation 13, AML/CFT (Requirements and Compliance) Regulations 2011) | 3 year | 3 to 3 year | 1 |
| obligation customer due diligence on occasional transactions | 15,000 EUR | 15,000 to 15,000 EUR | 1 |
| obligation customer due diligence on occasional transactions (high value dealers and art market participants) | 10,000 EUR | 10,000 to 10,000 EUR | 1 |
| retention period 5 years | 5 year | 5 to 5 year | 1 |
Every figure, with its source
One row per published figure: the figure as the source's own page publishes it, the page, and the day it was read. A figure that is not on a page we read is not on this one.
| Source | Figure | Breakdown | Read |
|---|---|---|---|
| HMRC, money laundering regulations: your responsibilities | 15,000 EUR | 2026-11-05 | |
| HMRC, money laundering regulations: your responsibilities | 15,000 EUR | customer due diligence on occasional transactions | 2026-11-05 |
| HMRC, money laundering regulations: your responsibilities | 10,000 EUR | customer due diligence on occasional transactions (high value dealers and art market participants) | 2026-11-05 |
| Department of Internal Affairs (NZ), AML/CFT FAQs for reporting entities | 1,000 NZD | international funds transfer prescribed transaction report (IFT-PTR) | 2026-11-03 |
| Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (NZ) | 72 hour | 2026-11-03 | |
| Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (NZ) | 72 hour | cross-border cash report (inbound sent) | 2026-11-03 |
| Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (NZ) | 72 hour | cross-border cash report (inbound received) | 2026-11-03 |
| Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (NZ) | 30 day | 2026-11-03 | |
| Department of Internal Affairs (NZ), AML/CFT FAQs for reporting entities | 25 % | 2026-11-03 | |
| Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (NZ) | 21 day | 2026-11-03 | |
| Companies Act 1993 (NZ) | 10 year | share register (shareholder names and addresses) | 2026-11-03 |
| Companies Act 1993 (NZ) | 10 year | share register (shares held by class) | 2026-11-03 |
| Companies Act 1993 (NZ) | 10 year | share register (share transfers) | 2026-11-03 |
| Companies Act 1993 (NZ) | 10 year | shareholder communications available for inspection | 2026-11-03 |
| Companies Act 1993 (NZ) | 7 year | shareholder meeting minutes and resolutions | 2026-11-03 |
| Companies Act 1993 (NZ) | 7 year | director and committee meeting minutes and resolutions | 2026-11-03 |
| Companies Act 1993 (NZ) | 7 year | director certificates | 2026-11-03 |
| Companies Act 1993 (NZ) | 7 year | written communications to shareholders | 2026-11-03 |
| Companies Act 1993 (NZ) | 6 year | liquidation and company accounting records | 2026-11-03 |
| Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (NZ) | 5 year | transaction records | 2026-11-03 |
| Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (NZ) | 5 year | suspicious activity reports | 2026-11-03 |
| Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (NZ) | 5 year | identity verification records (business relationship) | 2026-11-03 |
| Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (NZ) | 5 year | identity verification records (occasional transaction) | 2026-11-03 |
| Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (NZ) | 5 year | wire transfer records (business relationship) | 2026-11-03 |
| Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (NZ) | 5 year | wire transfer records (occasional transaction) | 2026-11-03 |
| Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (NZ) | 5 year | risk assessment, AML/CFT programme and audit records | 2026-11-03 |
| HMRC, money laundering regulations: your responsibilities | 5 year | 5 years | 2026-11-05 |
| Department of Internal Affairs (NZ), AML/CFT FAQs for reporting entities | 3 year | independent AML/CFT audit (Regulation 13, AML/CFT (Requirements and Compliance) Regulations 2011) | 2026-11-03 |
| Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (NZ) | 2 year | audit of risk assessment and AML/CFT programme | 2026-11-03 |
The sentence each figure was read from (29)
- HMRC, money laundering regulations: your responsibilities, read 2026-11-05:
Linked transactions are individual transactions of less than 15,000 euros (or 10,000 euros for high value dealers or art market participants) that have been deliberately broken down into separate, smaller transactions to avoid customer due diligence checks.
- HMRC, money laundering regulations: your responsibilities, read 2026-11-05:
15,000 euros or more (or the equivalent in other currencies) if you’re not a high value dealer or art market participant
- HMRC, money laundering regulations: your responsibilities, read 2026-11-05:
10,000 euros or more (or the equivalent in other currencies) if you’re a high value dealer or art market participant
- Department of Internal Affairs (NZ), AML/CFT FAQs for reporting entities, read 2026-11-03:
This does not exempt a DNFBP from its obligation to submit an IFT-PTR in relation to wire transfers of $1,000 or more from or into its trust account.
- Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (NZ), read 2026-11-03:
in the case of unaccompanied cash or stored value instruments that the person sends out of New Zealand, at least 72 hours before the cash or stored value instruments leave New Zealand; or
- Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (NZ), read 2026-11-03:
in the case of unaccompanied cash or stored value instruments that the person sends from outside New Zealand, at least 72 hours before the cash or stored value instruments are received in New Zealand; or
- Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (NZ), read 2026-11-03:
in the case of unaccompanied cash or stored value instruments that are sent to the person from outside New Zealand, at least 72 hours before the person receives the cash or stored value instruments in New Zealand.
- Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (NZ), read 2026-11-03:
For the purposes of paragraph (e) of the definition of designated business group in subsection (1), a condition of membership is that the contact person of a designated business group must notify the AML/CFT supervisor, in writing within 30 days, of any of the following:
- Department of Internal Affairs (NZ), AML/CFT FAQs for reporting entities, read 2026-11-03:
In most circumstances, it will not be necessary to verify the identity of every unit title owner (unless one of them owns more than 25%).
- Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (NZ), read 2026-11-03:
Except as provided in subsection (4), subsection (1) does not apply unless, within 21 days after the service of the summons, or within such further time as the court may allow, the defendant has delivered to the prosecutor a written notice—
- Companies Act 1993 (NZ), read 2026-11-03:
the names, alphabetically arranged, and the latest known address of each person who is, or has within the last 10 years been, a shareholder; and
- Companies Act 1993 (NZ), read 2026-11-03:
the number of shares of that class held by each shareholder within the last 10 years; and
- Companies Act 1993 (NZ), read 2026-11-03:
each shareholder within the last 10 years, and in relation to the transfer, the name of the person to or from whom the shares were transferred.
- Companies Act 1993 (NZ), read 2026-11-03:
copies of written communications to all shareholders or to all holders of a class of shares during the preceding 10 years, including annual reports, financial statements, summary financial statements (if any), and group financial statements:
- Companies Act 1993 (NZ), read 2026-11-03:
minutes of all meetings and resolutions of shareholders within the last 7 years:
- Companies Act 1993 (NZ), read 2026-11-03:
minutes of all meetings and resolutions of directors and directors’ committees within the last 7 years:
- Companies Act 1993 (NZ), read 2026-11-03:
certificates given by directors under this Act within the last 7 years:
- Companies Act 1993 (NZ), read 2026-11-03:
copies of all written communications to all shareholders or all holders of the same class of shares during the last 7 years, including annual reports made under section 208:
- Companies Act 1993 (NZ), read 2026-11-03:
keep the accounting records and other documents of the liquidation, and the records and other documents of the company, for not less than 6 years after completion of the liquidation (or any longer period specified in a notice referred to in subsection (3)).
- Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (NZ), read 2026-11-03:
a period of at least 5 years after the completion of that transaction; or
- Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (NZ), read 2026-11-03:
a period of at least 5 years after the report is made; or
- Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (NZ), read 2026-11-03:
in the case of records relating to the identity and verification of the identity of a person in relation to establishing a business relationship, a period of at least 5 years after the end of that business relationship; or
- Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (NZ), read 2026-11-03:
in the case of records relating to the identity and verification of the identity of a person in relation to conducting an occasional transaction or activity, a period of at least 5 years after the completion of that occasional transaction or activity; or
- Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (NZ), read 2026-11-03:
if the wire transfer is conducted by a customer with whom the reporting entity has a business relationship, a period of at least 5 years after the end of that business relationship; or
- Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (NZ), read 2026-11-03:
if the wire transfer is an occasional transaction or activity, a period of at least 5 years after the completion of the wire transfer.
- Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (NZ), read 2026-11-03:
The records relating to risk assessment, AML/CFT programmes, and audits must be kept for a period of at least 5 years after the date on which they ceased to be used on a regular basis.
- HMRC, money laundering regulations: your responsibilities, read 2026-11-05:
You must keep your records for 5 years beginning from:
- Department of Internal Affairs (NZ), AML/CFT FAQs for reporting entities, read 2026-11-03:
Regulation 13 of the AML/CFT (Requirements and Compliance) Regulations 2011 requires that an independent audit is conducted every three years, unless you are notified by your AML/CFT supervisor that a four-year timeframe applies, or at any other time at the request of your AML/CFT supervisor.
- Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (NZ), read 2026-11-03:
A reporting entity (other than a high-value dealer) must ensure that its risk assessment and AML/CFT programme are audited every 2 years or during a different time period prescribed by rules made under section 156B, or at any other time at the request of the AML/CFT supervisor.
Read in full, publishes no figure
2 named sources were read in full on the dates shown and print no usable figure. They are counted, never filled in.
- Department of Internal Affairs (NZ), AML/CFT information for accountants, read 2026-11-03: every candidate on the page was refused
- Money Laundering Regulations 2017 (UK), read 2026-11-07: read in full and no accepted figure on the page
Methodology
Every row is a verbatim sentence read from the named source's own page through our fetch service on the date shown, hash-pinned to the stored read (the sha of the page's visible text; the raw page is mirrored to R2).
4 of the 6 named sources that could be read published a usable figure; 2 published none and are recorded as not published, never filled in; 0 could not be read (blocked, dead or unreachable) and count nowhere.
The headline figures (median, minimum, maximum, quartiles) are over ONE figure per source for each breakdown it prices, in year (a source's median where its page yielded several accepted sentences for one breakdown), so a page that gives figures for several breakdowns gives one for each and N counts 19 figures, never sentences; 178 candidate sentence(s) were refused by a reviewer with the reason recorded.
The fuller derivation this dataset is chartered to grow into (not yet what the figures above are; they are each source's own published figure as read): one row per obligation per jurisdiction holding the duty, the record it creates, the retention period in years and the supervisor who checks it - and the derivation that turns compliance into a software requirement: the FIELD SET a practice system must carry to evidence each duty (the customer risk rating and its review date, the due-diligence evidence and when it was taken, the beneficial-owner record, the suspicious-activity report reference, the training log), scored against what each vendor in the price index actually provides.
The regulators publish the duty and the vendors publish the features; nobody publishes the mapping, and it is the mapping that decides whether a cheap system is actually usable by a supervised firm
178 candidate sentences on these pages were refused by a reviewer; each refusal and its reason is recorded in the review ledger.
Sources (6)
- Department of Internal Affairs (NZ), AML/CFT information for accountants(the publisher's own terms; quoted for reporting and comment)
- Department of Internal Affairs (NZ), AML/CFT FAQs for reporting entities(the publisher's own terms; quoted for reporting and comment)
- Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (NZ)(the publisher's own terms; quoted for reporting and comment)
- Companies Act 1993 (NZ)(the publisher's own terms; quoted for reporting and comment)
- Money Laundering Regulations 2017 (UK)(the publisher's own terms; quoted for reporting and comment)
- HMRC, money laundering regulations: your responsibilities(the publisher's own terms; quoted for reporting and comment)
Cite or embed this figure
The Practice Compliance Obligations carries 19 published figures read from 4 sources' own pages; the 16 published figures given by record run from 5 to 10 year, read 5 November 2026.
4 of the 6 named sources read in full publish a figure; 2 publish none, read 5 November 2026.
Practice Compliance Obligations, record share register (shareholder names and addresses): median 10 year across 1 source, read 5 November 2026.
Practice Compliance Obligations, record share register (shares held by class): median 10 year across 1 source, read 5 November 2026.
Practice Compliance Obligations, record share register (share transfers): median 10 year across 1 source, read 5 November 2026.
Practice Compliance Obligations, record shareholder meeting minutes and resolutions: median 7 year across 1 source, read 5 November 2026.
Practice Compliance Obligations, record director and committee meeting minutes and resolutions: median 7 year across 1 source, read 5 November 2026.
Practice Compliance Obligations, record director certificates: median 7 year across 1 source, read 5 November 2026.
Practice Compliance Obligations, record written communications to shareholders: median 7 year across 1 source, read 5 November 2026.
Practice Compliance Obligations, record shareholder communications available for inspection: median 10 year across 1 source, read 5 November 2026.
Practice Compliance Obligations, record liquidation and company accounting records: median 6 year across 1 source, read 5 November 2026.
Practice Compliance Obligations, record transaction records: median 5 year across 1 source, read 5 November 2026.
Practice Compliance Obligations, record suspicious activity reports: median 5 year across 1 source, read 5 November 2026.
Practice Compliance Obligations, record identity verification records (business relationship): median 5 year across 1 source, read 5 November 2026.
Practice Compliance Obligations, record identity verification records (occasional transaction): median 5 year across 1 source, read 5 November 2026.
Practice Compliance Obligations, record wire transfer records (business relationship): median 5 year across 1 source, read 5 November 2026.
Practice Compliance Obligations, record wire transfer records (occasional transaction): median 5 year across 1 source, read 5 November 2026.
Practice Compliance Obligations, record risk assessment, AML/CFT programme and audit records: median 5 year across 1 source, read 5 November 2026.
Practice Compliance Obligations, obligation audit of risk assessment and AML/CFT programme: median 2 year across 1 source, read 5 November 2026.
Practice Compliance Obligations, obligation cross-border cash report (inbound sent): median 72 hour across 1 source, read 5 November 2026.
Practice Compliance Obligations, obligation cross-border cash report (inbound received): median 72 hour across 1 source, read 5 November 2026.
Practice Compliance Obligations, obligation international funds transfer prescribed transaction report (IFT-PTR): median 1,000 NZD across 1 source, read 5 November 2026.
Practice Compliance Obligations, obligation independent AML/CFT audit (Regulation 13, AML/CFT (Requirements and Compliance) Regulations 2011): median 3 year across 1 source, read 5 November 2026.
Practice Compliance Obligations, obligation customer due diligence on occasional transactions: median 15,000 EUR across 1 source, read 5 November 2026.
Practice Compliance Obligations, obligation customer due diligence on occasional transactions (high value dealers and art market participants): median 10,000 EUR across 1 source, read 5 November 2026.
Practice Compliance Obligations, retention period 5 years: median 5 year across 1 source, read 5 November 2026.
Cite as: "wipvo.com Practice Compliance Obligations", updated 2026-11-07, https://wipvo.com/datasets/practice-compliance-obligations/.
Download the CSV (29 rows, computed 2026-11-07)
Questions this data answers
What must a practice do and record by law, and therefore what must the software be able to hold?
The Practice Compliance Obligations carries 19 published figures read from 4 sources' own pages; the 16 published figures given by record run from 5 to 10 year, read 5 November 2026.
Where do the figures in the Practice Compliance Obligations come from?
Every figure is quoted from its source's own page and dated (last read 5 Nov 2026). 6 named sources were read and 4 publish a figure; the 2 that publish none are recorded as not published, never estimated.