The FSC administers the following enactments and regulations in the Cook Islands

The provisions relating to fees are summarised under Prescribed Fees.

While every effort is made to ensure that this legislation is up-to-date, due to small changes frequently being made, no guarantee can be given about its current status. All enquiries as to statutes, regulations and other statutory instruments should be directed to the Clerk of the Parliament of the Cook Islands who will be able to provide copies of legislation in accordance with Parliament's conditions of access and supply.

Contact details are as follows:

Parliamentary Services Clerk
PO Box 13
Nikao
Rarotonga
Cook Islands

Phone:  (682) 26500      
Fax:        (682) 21260
Email: sarah.takairangi@cookislands.gov.ck

The Financial Intelligence Unit Act 2015 was enacted by Parliament on 12 June 2015 and subsequently given royal assent by the Queen’s Representative to the Cook Islands on the 16 June 2015. The Act is to allow the FIU to continue to operate as a national, central unit to –

(a) administer and enforce certain statutes that concern financial misconduct; and

(b) conduct related inquiries, investigations, analysis and enforcement oversight; and

(c) provide enhanced powers for the FIU as an independent unit of the FSC.

Financial Intelligence Unit Act 2015

Financial Intelligence Unit Amendment Act 2017

To assist reporting institutions to address their obligations under the Financial Transactions Reporting Act 2017 (FTRA), the CIFIU has released guidance on the following matters:

- Risk assessments

- Customer due diligence

- Record keeping

- The reporting of cash and electronic funds transactions over the threshold amount of NZ$10,000

- The reporting of suspicious activity to the FIU, and

- Implementation of a compliance regime.

• Financial Transactions Reporting Practice Guidelines
• FTRA Guideline for Accountants
• FTRA Guideline for High Value Item Retailers
• FTRA Guideline for Lawyers
• FTRA Guideline for Real Estate
• FTRA Guideline for Trustee Companies