{"id":312,"date":"2025-06-26T10:25:16","date_gmt":"2025-06-26T10:25:16","guid":{"rendered":"https:\/\/fsc.projectfive.co.ck\/?page_id=312"},"modified":"2025-06-29T06:22:04","modified_gmt":"2025-06-29T06:22:04","slug":"legislation","status":"publish","type":"page","link":"https:\/\/fsc.projectfive.co.ck\/?page_id=312","title":{"rendered":"Legislation"},"content":{"rendered":"<section class=\"bde-section-312-140 bde-section\">\n              \n  \n  \n\t\n\n  <div class=\"section-background-overlay\"><\/div>\n\n\n<div class=\"section-container\"><div class=\"bde-div-312-141 bde-div\">\n  \n  \n\t\n\n\n\n<div class=\"bde-div-312-142 bde-div\">\n  \n  \n\t\n\n\n\n<h1 class=\"bde-heading-312-143 bde-heading\">\nFSC - LEGISLATION\n<\/h1>\n<\/div><div class=\"bde-button-312-144 bde-button\">\n    \n                                    \n    \n    \n    \n    \n            \n                    \n            \n            \n\n    \n    \n    \n    \n    \n    <a class=\"breakdance-link button-atom button-atom--custom bde-button__button\" href=\"https:\/\/fsc.projectfive.co.ck\/?page_id=360\" target=\"_self\" data-type=\"url\"  >\n\n    \n        <span class=\"button-atom__text\">GUIDANCE<\/span>\n\n        \n        \n                <\/a>\n\n    \n\n\n<\/div>\n<\/div><\/div>\n<\/section><section class=\"bde-section-312-102 bde-section\">\n  \n  \n\t\n\n\n\n<div class=\"section-container\"><div class=\"bde-table-of-contents-312-122 bde-table-of-contents\">\n<div class=\"bde-table-of-contents__wrapper\">\n  <header class=\"bde-table-of-contents__header\">\n        <h3 class=\"bde-table-of-contents__title toc-ignore\">Page Navigation<\/h3>\n           <\/header>\n  \n  <div class=\"bde-table-of-contents__list\">\n    <nav id=\"bde-toc\" class=\"toc js-breakdance-toc\" aria-label=\"Page Navigation\">There are no headings in this document.<\/nav>\n  <\/div>\n<\/div>\n\n\n<\/div><div class=\"bde-div-312-131 bde-div\">\n  \n  \n\t\n\n\n\n<div class=\"bde-rich-text-312-132 bde-rich-text breakdance-rich-text-styles\">\n<p>The FSC administers the following enactments and regulations in the Cook Islands<\/p><p>The provisions relating to fees are summarised under\u00a0<a href=\"https:\/\/www.fsc.gov.ck\/public\/content.aspx?cn=PrescribedFee\">Prescribed Fees<\/a>.<\/p><p>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.<\/p><p>Contact details are as follows:<\/p><p>Parliamentary Services Clerk<br \/>PO Box 13<br \/>Nikao<br \/>Rarotonga<br \/>Cook Islands<br \/><br \/>Phone:\u00a0\u00a0<span class=\"skype_pnh_container\" dir=\"ltr\" tabindex=\"-1\"><span class=\"skype_pnh_highlighting_inactive_common\" dir=\"ltr\" title=\"Call this phone number in Cook Islands with Skype: +68226500\"><span class=\"skype_pnh_textarea_span\"><span class=\"skype_pnh_text_span\">(682) 26500<\/span><\/span><span class=\"skype_pnh_right_span\">\u00a0\u00a0\u00a0\u00a0\u00a0<\/span><\/span>\u00a0<\/span><br \/>Fax:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (682) 21260<br \/>Email:\u00a0<a href=\"mailto:saraina@cookislands.gov.ck\">sarah.takairangi@cookislands.gov.ck<\/a><\/p>\n<\/div>\n<\/div><div class=\"bde-grid-312-104 bde-grid\">\n  \n  \n\t\n\n\n\n<div class=\"bde-rich-text-312-105 bde-rich-text breakdance-rich-text-styles\">\n<h4>The Commission<\/h4><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Financial%20Supervisory%20Commission%20Act%202003.pdf\" target=\"_blank\" rel=\"noopener\">Financial Supervisory Commission Act 2003\u00a0<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Financial%20Supervisory%20Commission%20Amendment%20Act%202003.pdf\">Financial Supervisory Commission Amendment Act 2003 <\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Financial%20Legislation%20Amendment%20Act%202012.pdf\">Financial Legislation Amendment Act 2012<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Financial%20Supervisory%20Commission%20(Qualifications%20of%20Compliance%20Officer)%20Regulations%202004.pdf\" target=\"_blank\" rel=\"noopener\">Financial Supervisory Commission (Qualifications of Compliance Officer) Regulations 2004\u00a0<\/a><\/p>\n<\/div><div class=\"bde-rich-text-312-106 bde-rich-text breakdance-rich-text-styles\">\n<h4>Banks<\/h4><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Banking%20Act%20%202011%20%20%20131211.pdf\">Banking Act 2011<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Banking%20Amendment%202012%20No3.pdf\">Banking Amendment Act 2012<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Banking%20Amendment%20Act%202013.PDF\">Banking Amendment Act 2013<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Banking%20Amendment%20Act%202015.pdf\">Banking Amendment Act 2015<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Banking%20Amendment%20Act%202019.pdf\">Banking Amendment Act 2019<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Banking%20Amendment%20Act%202020%20-%2018.06.2020%20(ID%2013286).pdf\">Banking Amendment Act 2020<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Banking%20(Fees)%20(Amendment)%20Regulations%202014.pdf\">Banking (Fees) (Amendment) Regulations 2014<\/a><\/p>\n<\/div>\n<\/div><\/div>\n<\/section><section class=\"bde-section-312-107 bde-section\">\n  \n  \n\t\n\n\n\n<div class=\"section-container\"><div class=\"bde-grid-312-109 bde-grid\">\n  \n  \n\t\n\n\n\n<div class=\"bde-rich-text-312-110 bde-rich-text breakdance-rich-text-styles\">\n<h4>Digital Register<\/h4><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Digital%20Registers%202011%20No11.pdf\">Digital Registers Act 2011<\/a><\/p><h4>Foundations<\/h4><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Foundations%20Act%202012%20No11.PDF\">Foundations Act 2012<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Foundation%20Forms%2026.06.18.docx\"><span style=\"color: #327985; font-family: Lucida Sans Unicode, Lucida Grande, sans-serif; font-size: small;\">Foundations Act 2012 (Forms)<\/span><\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Foundations%20Amendment%20Act%202013.PDF\"><span style=\"color: #327985; font-family: Lucida Sans Unicode, Lucida Grande, sans-serif; font-size: small;\">Foundations Amendment Act 2013<\/span><\/a><\/p><h4>Captive Insurance<\/h4><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Captive%20Insurance%20Act%202013.pdf\">Captive Insurance Act 2013<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Captive%20Insurance%20Amendment%20Act%202019.pdf\">Captive Insurance Amendment Act 2019<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Captive%20Insurance%20Regulations%202013.PDF\">Captive Insurance Regulations 2013<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Captive%20Insurance%20Amendment%20Regulations%202014.pdf\">Captive Insurance Amendment Regulations 2014<\/a><\/p>\n<\/div><div class=\"bde-rich-text-312-111 bde-rich-text breakdance-rich-text-styles\">\n<h4>Insurance<\/h4><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Insurance%202008-11.pdf\">Insurance Act 2008<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Insurance%20Amendment%20Act%202009.pdf\" target=\"_blank\" rel=\"noopener\">Insurance Amendment Act 2009 <\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Insurance%20Amendment%20Act%202011.pdf\">Insurance Amendment Act 2011<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Insurance%20Amendment%202012%20No4.PDF\">Insurance Amendment Act 2012<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Insurance%20Amendment%20Act%202019.pdf\">Insurance Amendment Act 2019<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Insurance%20Regulations%202009.pdf\">Insurance Regulations 2009\u00a0<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Insurance%20Amendment%20Regulations%202014.pdf\">Insurance Amendment Regulations 2014<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Insurance%20Amendment%20Regulations%202019.pdf\">Insurance Amendment Regulations 2019<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Insurance%20Code%202010.pdf\">Insurance Code 2010<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/CI%20Gazette%20-%20Notice%20to%20amend%20Insurance%20Code%202010%20-%2026.04.2018.pdf\">Notice to Amend the Insurance Code 2010<\/a><\/p>\n<\/div>\n<\/div><\/div>\n<\/section><section class=\"bde-section-312-112 bde-section\">\n  \n  \n\t\n\n\n\n<div class=\"section-container\"><div class=\"bde-grid-312-114 bde-grid\">\n  \n  \n\t\n\n\n\n<div class=\"bde-rich-text-312-115 bde-rich-text breakdance-rich-text-styles\">\n<h4>Money-changing &amp; Remittance Businesses<\/h4><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Money-Changing%20and%20Remittance%20Businesses%20Act%202009.pdf\" target=\"_blank\" rel=\"noopener\">Money-Changing and Remittance Businesses Act 2009<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Money-Changing%20and%20Remittance%20Businesses%20Amendment%20Regulations%202014.pdf\">Money-Changing &amp; Remittance Businesses Amendment Regulations 2014<\/a><\/p><h4>Trustee Companies<\/h4><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Trustee%20Companies%20Act%202014.PDF\">Trustee Companies Act 2014<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Trustee%20Companies%20(Due%20Diligence)%20Regulations%201996.pdf\">Trustee Companies (Due Diligence) Regulations 1996<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Trustee%20Companies%20Regulations%202014.pdf\">Trustee Companies Regulations 2014<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Trustee%20Companies%20Amendment%20Regulations%202014.pdf\">Trustee Companies Amendment Regulations 2014<\/a><\/p>\n<\/div><div class=\"bde-rich-text-312-116 bde-rich-text breakdance-rich-text-styles\">\n<h4>International &amp; Foreign Companies<\/h4><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/International%20Companies%20Act%201981-82%20%20(2005%20consolidation).pdf\" target=\"_blank\" rel=\"noopener\">International Companies Act 1981-82<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/ICA%20Amendment2007-5.pdf\">International Companies Amendment Act 2007<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/ICA%20Amendment2007-10.pdf\">International Companies Amendment (No.2) Act 2007<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/International%20Companies%20Amendment%20Act%202013.PDF\">International Companies Amendment Act 2013<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/International%20Companies%20Amendment%20Act%202015.pdf\">International Companies Amendment Act 2015<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/International%20Companies%20(Forms)%20Regulations%201982.pdf\">International Companies (Forms) Regulations 1982<\/a>\u00a0<br \/><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/IC%20Regulation%202014%20(Amendment).pdf\">International Companies (Prescribed Fees) (Amendment) Regulations 2014<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/International%20Companies%20(Removal%20of%20Tax%20Exemption)%20Amendment%20Act%202019.pdf\">International Companies (Removal of Tax Exemption) Amendment Act 2019<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/International%20Companies%20(Removal%20of%20Tax%20Exemption)%20Transitional%20Provisions%20Regs%202021.pdf\">International Companies (Removal of Tax Exemption) Transitional Provisions Regulations 2021<\/a><\/p>\n<\/div>\n<\/div><\/div>\n<\/section><section class=\"bde-section-312-117 bde-section\">\n  \n  \n\t\n\n\n\n<div class=\"section-container\"><div class=\"bde-grid-312-118 bde-grid\">\n  \n  \n\t\n\n\n\n<div class=\"bde-rich-text-312-119 bde-rich-text breakdance-rich-text-styles\">\n<h4>Limited Liability Companies<\/h4><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Limited%20Liability%20Companies%20Act%202008.pdf\">Limited Liability Companies 2008<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/LLC%20Amendment%20Act%202013.PDF\">Limited Liability Companies Amendment Act 2013<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Limited%20Liability%20Companies%20(Prescribed%20Forms)%202008.pdf\">Limited Liability Companies (Forms) 2008<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/LLC%20Regulation%202014%20(Amendment).pdf\">Limited Liability Companies (Prescribed Fees) (Amendment) Regulations 2014<\/a><\/p><h4>International Trusts<\/h4><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/International%20Trusts%20Act%201984.pdf\" target=\"_blank\" rel=\"noopener\">International Trusts 1984<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/International%20Trusts%20Amendment%20Act%201985.pdf\" target=\"_blank\" rel=\"noopener\">International Trusts Amendment 1985\u00a0<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/International%20Trusts%20Amendment%20Act%201989.pdf\" target=\"_blank\" rel=\"noopener\">International Trusts Amendment 1989\u00a0<\/a><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/International%20Trusts%20Amendment%20Act%201989.pdf\">No23<\/a>\u00a0<\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/International%20Trusts%20Amendment%20(No.2)%20Act%201989.pdf\" target=\"_blank\" rel=\"noopener\">International Trusts Amendment 1989 No31<\/a>\u00a0<\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/International%20Trusts%20Amendment%20Act%201991.pdf\" target=\"_blank\" rel=\"noopener\">International Trusts Amendment 1991\u00a0<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/International%20Trusts%20Amendment%20Act%201995-96.pdf\" target=\"_blank\" rel=\"noopener\">International Trusts Amendment 1995-96\u00a0<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/International%20Trusts%20Amendment%20Act%201999.pdf\" target=\"_blank\" rel=\"noopener\">International Trusts Amendment 1999\u00a0<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/International%20Trusts%20Amendment%20Act%202004.pdf\" target=\"_blank\" rel=\"noopener\">International Trusts Amendment 2004\u00a0<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/International%20Trusts%20Amendment%20Act%202013.PDF\">International Trusts Amendment 2013<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/International%20Trusts%20(Forms%20and%20Fees)%20Regulations%201985%20No7.pdf\">International Trusts (Forms) Regulations 1985<\/a>\u00a0<\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/IT%20Regulation%202014%20(Amendment).pdf\">International Trusts (Prescribed Fees) (Amendment) Regulations 2014<\/a><\/p>\n<\/div><div class=\"bde-rich-text-312-120 bde-rich-text breakdance-rich-text-styles\">\n<h4>International Partnerships<\/h4><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/International%20Partnership%20Act%201984.pdf\" target=\"_blank\" rel=\"noopener\">International Partnership 1984\u00a0<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/International%20Partnership%20Amendment%20Act%201999.pdf\" target=\"_blank\" rel=\"noopener\">International Partnership Amendment 1999<\/a>\u00a0<\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/International%20Partnership%20Amendment%20Act%202004.pdf\" target=\"_blank\" rel=\"noopener\">International Partnership Amendment 2004\u00a0<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/International%20Partnerships%20Amendment%20Act%202013.PDF\">International Partnerships Amendment 2013<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/International%20Partnership%20(Forms%20and%20Fees)%20Regulations%201985.pdf\">International Partnership (Forms) Regulations 1985<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/IP%20Regulation%202014%20(Amendment).pdf\">International Partnership\u00a0(Prescribed Fees) (Amendment) Regulations 2014<\/a><br \/>\u00a0<\/p><h4>International Relationship Property Trusts\u00a0<\/h4><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/IRPT%20Regulations%202022.pdf\">International Relationship Property Trusts Regulations 2022<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/International%20Relationship%20Property%20Trusts%20Act%202021.pdf\"><u>International Relationship Property Trusts 2021 No 14\u00a0<\/u><\/a><\/p><h4>Pacific Catastrophe Risk Insurance Facility<\/h4><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Pacific%20Catastrophe%20Risk%20Insurance%20Facility.pdf\"><u>Pacific Catastrophe Risk Insurance Facility 2021 No 15<\/u><\/a><\/p>\n<\/div>\n<\/div><\/div>\n<\/section><section class=\"bde-section-312-124 bde-section\">\n              \n  \n  \n\t\n\n  <div class=\"section-background-overlay\"><\/div>\n\n\n<div class=\"section-container\"><h1 class=\"bde-heading-312-125 bde-heading\">\nFIU - LEGISLATION\n<\/h1><div class=\"bde-back-to-top-312-145 bde-back-to-top bde-back-to-top--icon is-sticky\">\n\n\n<button aria-label=\"Back to top\" tabindex=\"0\" class=\"bde-back-to-top__button bde-back-to-top__button--icon bde-back-to-top__button--show-always bde-back-to-top__button--animation-fade is-sticky  js-ee-back-to-top\">\n         <div class=\"bde-back-to-top__icon-wrap\">\n              <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 384 512\"><!--! Font Awesome Pro 6.2.0 by @fontawesome - https:\/\/fontawesome.com License - https:\/\/fontawesome.com\/license (Commercial License) Copyright 2022 Fonticons, Inc. --><path d=\"M214.6 57.4L192 34.7 169.4 57.4l-144 144L2.7 224 48 269.2l22.6-22.6L160 157.2V448v32h64V448 157.2l89.4 89.4L336 269.2 381.3 224l-22.6-22.6-144-144z\"\/><\/svg>\n          <\/div>\n    <\/button>\n\n\n<\/div><\/div>\n<\/section><section class=\"bde-section-312-126 bde-section\">\n  \n  \n\t\n\n\n\n<div class=\"section-container\"><div class=\"bde-div-312-121 bde-div\">\n  \n  \n\t\n\n\n\n<div class=\"bde-rich-text-312-103 bde-rich-text breakdance-rich-text-styles\">\n<p>The Financial Intelligence Unit Act 2015 was enacted by Parliament on 12 June 2015 and subsequently given royal assent by the Queen\u2019s 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 \u2013<\/p><p>(a) administer and enforce certain statutes that concern financial misconduct; and<\/p><p>(b) conduct related inquiries, investigations, analysis and enforcement oversight; and<\/p><p>(c) provide enhanced powers for the FIU as an independent unit of the FSC.<\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/2015%20-%20FIU%20Bill.pdf\">Financial Intelligence Unit Act 2015<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Financial%20Intelligence%20Unit%20Amendment%20Act%202017%20No.4.pdf\">Financial Intelligence Unit Amendment Act 2017<\/a><\/p>\n<\/div>\n<\/div><\/div>\n<\/section><section class=\"bde-section-312-127 bde-section\">\n  \n  \n\t\n\n\n\n<div class=\"section-container\"><div class=\"bde-grid-312-128 bde-grid\">\n  \n  \n\t\n\n\n\n<div class=\"bde-rich-text-312-129 bde-rich-text breakdance-rich-text-styles\">\n<p>The CIFIU administers the following enactments and regulations:\u00a0<\/p><ul><li><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Financial%20Transactions%20Reporting%20Act%202017%20No.%203.pdf\">Financial Transactions Reporting Act 2017<\/a><\/li><li><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Financial%20Transactions%20Reporting%20Amendment%20Act%202017.PDF\">Financial Transactions Reporting Amendement Act 2017<\/a><\/li><li><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Financial%20Transactions%20Reporting%20Regulations%202017.pdf\">Financial Transactions Reporting Regulations 2017<\/a><\/li><li><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Financial%20Transactions%20Reporting%20(Maritime%20Cook%20Islands)%20Regulations%202017.PDF\">Financial Transactions Reporting (Maritime Cook Islands) Regulations 2017<\/a><\/li><\/ul>\n<\/div><div class=\"bde-rich-text-312-136 bde-rich-text breakdance-rich-text-styles\">\n<p>CIFIU conjointly enforces the following Acts:<\/p><ul><li><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Proceeds%20of%20Crime.PDF\"><u>Proceeds of Crime Act 2003<\/u><\/a><\/li><li><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/2003pocno19.pdf\"><u>Proceeds of Crime Amendment Act 2004<\/u><\/a><\/li><li><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Proceeds%20of%20Crime%20Amendment%20Act%202017%20No.6.pdf\">Proceeds of Crime Amendment Act 2017<\/a><\/li><li><u><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Terrorism%20Supression.PDF\">Countering Terrorism and the Proliferation of Weapons of Mass Destruction Act 2004<\/a> <\/u>(formerly known as the Terrorism Suppression Act 2004)<\/li><li><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/2007tsamendno31.pdf\"><u>Terrorism Suppression Amendment Act 2007<\/u><\/a><\/li><li><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Terrorism%20Suppression%20Amendment%20Act%202017%20No.5.pdf\"><u>Terrorism Suppression Amendment Act 2017<\/u><\/a><\/li><li><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Countering%20Terrorism%20and%20the%20Proliferation%20of%20Weapons%20of%20Mass%20Destruction%20(Targeted%20Financial%20Sanctions)%20Regulations%202017.PDF\"><u>Countering Terrorism and the Proliferation of Weapons of Mass Destruction (Targeted Financial Sanctions) Regulations 2017<\/u><\/a><\/li><li><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Currency%20Declaration%20Act%202015-16.pdf\">Currency Declaration Act 2015-16<\/a><\/li><li><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Currency%20Declaration%20Amendment%20Act%202017.PDF\">Currency Declaration Amendment Act 2017<\/a><\/li><li><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Currency%20Declaration%20(Forms)%20Regulations%202017.pdf\">Currency Declaration (Forms) Regulations 2017<\/a><\/li><li><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/BCR%20-%20final.pdf\">Boarder Currency Report Forms<\/a><\/li><\/ul>\n<\/div>\n<\/div><\/div>\n<\/section><section class=\"bde-section-312-133 bde-section\">\n  \n  \n\t\n\n\n\n<div class=\"section-container\"><div class=\"bde-div-312-138 bde-div\">\n  \n  \n\t\n\n\n\n<div class=\"bde-rich-text-312-139 bde-rich-text breakdance-rich-text-styles\">\n<p>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:<\/p><p>- Risk assessments<\/p><p>- Customer due diligence<\/p><p>- Record keeping<\/p><p>- The reporting of cash and electronic funds transactions over the threshold amount of NZ$10,000<\/p><p>- The reporting of suspicious activity to the FIU, and<\/p><p>- Implementation of a compliance regime.<\/p><ul><li><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/FTRA%202017%20Practice%20Guidelines.pdf\">Financial Transactions Reporting Practice Guidelines<\/a><\/li><li><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/FTRA%20Guideline%20for%20Accountants.pdf\">FTRA Guideline for Accountants<\/a><\/li><li><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/FTRA%20Guideline%20for%20high%20value%20item%20retailers.pdf\">FTRA Guideline for High Value Item Retailers<\/a><\/li><li><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/FTRA%20Guideline%20for%20Lawyers.pdf\">FTRA Guideline for Lawyers<\/a><\/li><li><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/FTRA%20Guideline%20for%20Real%20Estate.pdf\">FTRA Guideline for Real Estate<\/a><\/li><li><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/FTRA%20Guideline%20for%20Trustee%20Companies.pdf\">FTRA Guideline for Trustee Companies<\/a><\/li><\/ul>\n<\/div>\n<\/div><\/div>\n<\/section>","protected":false},"excerpt":{"rendered":"<p>FSC &#8211; LEGISLATION GUIDANCE Page Navigation There are no headings in this document. The FSC administers the following enactments and regulations in the Cook IslandsThe provisions relating to fees are summarised under\u00a0Prescribed 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_breakdance_hide_in_design_set":false,"_breakdance_tags":"","footnotes":""},"class_list":["post-312","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/fsc.projectfive.co.ck\/index.php?rest_route=\/wp\/v2\/pages\/312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fsc.projectfive.co.ck\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/fsc.projectfive.co.ck\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/fsc.projectfive.co.ck\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fsc.projectfive.co.ck\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=312"}],"version-history":[{"count":13,"href":"https:\/\/fsc.projectfive.co.ck\/index.php?rest_route=\/wp\/v2\/pages\/312\/revisions"}],"predecessor-version":[{"id":443,"href":"https:\/\/fsc.projectfive.co.ck\/index.php?rest_route=\/wp\/v2\/pages\/312\/revisions\/443"}],"wp:attachment":[{"href":"https:\/\/fsc.projectfive.co.ck\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}