Associate Justice Minister Simon Bridges says 60 exemptions under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 have been granted so far.
Responding to a written parliamentary question from Green Party MP Julie Genter, Mr Bridges has said there have been 15 full and 45 partial exemptions.
"Companies have been granted 6 full exemptions, and 20 partial exemptions," Mr Bridges says.
Mr Bridges provided a list of the exemptions provided to specific types of organisations which Ms Genter had asked about:
Exemptions granted to specified organisations under Act
|Business||Full Exemptions||Partial Exemptions|
|Foreign exchange dealers||0||0|
|Money service businesses||0||0|
Mr Bridges says decisions on exemptions are taken on the recommendation of the AML/CFT National Coordination Committee which was established by legislation to consider AML/CFT policy.
He says the committee comprises representatives of the Ministry of Justice, the AML/CFT supervisors (Department of Internal Affairs, Financial Markets Authority, Reserve Bank of New Zealand) "and other AML/CFT relevant agencies including New Zealand Police, Inland Revenue and New Zealand Customs Service."