On 9 July, the day on which New Zealand's new customer due-diligence (CDD) obligations regarding nominee company directors and nominee general partners came into force, the country's anti-money laundering (AML) regulators announced that reporting entities will be granted until 29 April 2022 to implement their obligations. The new CDD rules are the most significant part of a wider suite of amendments to the AML regulations published in June 2021, requiring reporting entities to establish whether a customer has any nominee directors, nominee shareholders or nominee general partners and to undertake enhanced CDD on these persons.

News Source：【Buddle Findlay 2021/07/16】