New Zealand

Global sanctions guide

Netherlands
Norway
  1. Does New Zealand have a sanctions regime in place?

Yes.

  1. Does New Zealand implement UN sanctions?

Yes. As a member of the UN, New Zealand must implement all UN Security Council resolutions in respect of sanctions. These sanctions are implemented by regulations made under the United Nations Act 1946 (the “1946 Act”). Copies of the relevant regulations can be found on the Ministry of Foreign Affairs and Trade (“MFAT”) website here and are published in the government Gazette.

  1. Does New Zealand implement an autonomous sanctions regime?

Yes. Although New Zealand does not ordinarily implement autonomous sanctions, it does so from time to time. For example, following the 2006 coup in Fiji, New Zealand put travel sanctions in place (these were lifted in 2014).

  1. What is the nature of the sanctions regime in New Zealand?

Each set of regulations differ, however, they generally prohibit:

  • all persons and entities in New Zealand
  • New Zealand citizens overseas
  • entities incorporated under New Zealand law but operating outside of New Zealand

from knowingly transferring, paying for, selling, assigning, disposing of or otherwise dealing with any asset, money or security that is owned or controlled by a designated person or held by a specified entity and which is within New Zealand.

Other restrictions in respect of trade and travel are also included within the relevant regulations.

  1. Does New Zealand maintain a list of sanctioned individuals and entities?

No. The MFAT does not maintain a consolidated list of individuals/entities designated by the UN. The MFAT website does, however, provide links to the UN lists.

  1. Are there any other lists related to sanctions?

No.

  1. Does New Zealand have a licensing or authorisation system in place?

No.

  1. What are the consequences for a breach of sanctions in New Zealand?

Breaching regulations made under the 1946 Act is a criminal offence (Section 3 of the 1946 Act).  The penalties for breaching sanctions are:

  • for individuals – a fine not exceeding $10,000NZD and/or imprisonment for up to 12 months
  • for corporate entities – a fine not exceeding $100,000NZD
  1. Who are the relevant regulators in New Zealand and what are their contact details?

The Ministry of Foreign Affairs and Trade (“MFAT”) is responsible for overseeing sanctions in New Zealand.

195 Lambton Quay
Private Bag 18 901
Wellington
New Zealand

T: (+64) 4 439 8000
F: (+64) 4 472 9596
enquiries@mfat.govt.nz
https://www.mfat.govt.nz/en/

Contributor law firm

David Quiqq, Quigg Partners, Level 7, The Bayleys Building, 36 Brandon Street, Wellington 6140, New Zealand