Beneficial Ownership Information Reporting is a regulatory requirement for all financial service providers and entities licensed by the New Zealand Financial Regulatory Authority (NZFRA). The purpose of this reporting is to enhance transparency, combat money laundering and terrorist financing, and ensure that the true individual

All licensees must submit up-to-date information about their beneficial owners, including natural persons who have significant ownership or control over the entity. This information must be reported upon license application, and any subsequent changes must be promptly updated with the NZFRA.

Failure to comply with beneficial ownership reporting requirements may result in enforcement action, including penalties, suspension, or revocation of the license.