New Zealand has unveiled a set of radical reforms aimed at tightening its grip on financial crime, in particular a national ban on automatic distributors of cryptocurrency tickets and a $ 5,000 ceiling on international cash transfers.
The main dishes to remember:
- New Zealand has prohibited automatic distributors of cryptographic tickets and has capped international transfers at $ 5,000.
- Police have said that automatic crypto ticket distributors are used to whiten drug money thanks to transactions that are imposed.
- The reforms also expand the powers of application of the law and aim to reduce administrative formalities for low -risk users.
Announced Wednesday by the Associate Minister of Justice, Nicole McKee, the measures are part of a overhaul of the anti-whiteness regime and the fight against the financing of terrorism (AML / CFT).
Managers say that changes are a response to an evolving financial landscape and the growing growing use of digital financing tools by criminal groups.
NZ Flag Crypto Atms Police as a key tool for drug money laundering
New Zealand police have distinguished automatic distributors from cryptographic tickets as a major channel for money money laundering.
A recent report quoted 157 machines in the operation nationwide, which raises concerns among the police concerning their role in the facilitation of transactions which are not found.
“Since 2019, the global financial and regulatory landscape has evolved considerably,” said McKee.
“We need a smarter and more intelligent AML / CFT system – the one that targets the ability of criminals to whiten money, while allowing New Zealand companies to operate effectively and competitively.”
Repression does not stop in Crypto. The new $ 5,000 limit for outgoing transfers aims to fill another popular flaw exploited by illicit players to move money to offshore.
In tandem, a bill is being prepared which will extend the powers of application of the police and regulatory organizations.
Among the upcoming changes, the financial intelligence unit will receive improved authority to collect critical crime prevention data.
New Zealand has prohibited automatic distributors of cryptographic tickets and imposed a limit of $ 5,000 on cash transfers as part of new measures to combat money laundering. pic.twitter.com/yzd0vxmwn0
– Ajay Kashyap (@EverYthingajay) July 9, 2025
New Zealand has prohibited automatic distributors of cryptographic tickets and imposed a limit of $ 5,000 on cash transfers as part of new measures to combat money laundering. The government also plans to establish a new surveillance body dedicated to the supervision of financial sanctions and to guarantee funding of the MACL.
While tightening surveillance, officials insist that reforms are designed to avoid penalizing compliant companies.
Two changes currently underway to rationalize requirements for lower risk entities and reduce heavy controls for daily customers.
More countries are accompanied by automatic distributors of Crypto tickets
New Zealand’s decision follows similar efforts abroad. In Australia, Austrac recently introduced stricter rules for cryptographic atmctors, including stricter cash limits and surveillance.
Last month, the regulator refused to renew the recording of a local Cryptographic ATM operator, Harro’s Empires. The agency has placed operating conditions, including transaction limits, on them.
In the United States, Spokane, Washington, completely prohibited automatic crypto ticket distributors, citing their use in scams targeting vulnerable residents.
The legislators of the American Senate also try to tighten the laws at the level of the state and the local level, with an attempt led by the Senator of Illinois, Dick Durbin.
He presented the Crypto ATM Fraud Prevention Act, which would cause legislative measures designed to protect the public – while trying to limit the disadvantages of laws respectful of laws.
New users are said to be prevented from spending more than $ 2,000 per day in one of these machines, going to $ 10,000 in 14 days.
Operators should also have a detailed conversation each time a new user tries to finish a transaction with a value of more than $ 500. However, they would also be entitled to reimbursements if a police report is tabled within 30 days.
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