AML/CFT Act
Auckland law firm Kidd Legal receives formal warning under the Anti-Money Laundering and Countering Financing of Terrorism Act from the Department of Internal Affairs
17th Mar 21, 1:28pm
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Auckland law firm Kidd Legal receives formal warning under the Anti-Money Laundering and Countering Financing of Terrorism Act from the Department of Internal Affairs
Department of Internal Affairs issues formal anti-money laundering warning to Property Brokers Ltd in first warning to real estate agent under Anti-Money Laundering and Countering Financing of Terrorism Act
1st Mar 21, 12:42pm
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Department of Internal Affairs issues formal anti-money laundering warning to Property Brokers Ltd in first warning to real estate agent under Anti-Money Laundering and Countering Financing of Terrorism Act
Proceeds of crime from foreign criminals restrained by New Zealand authorities weigh in at nearly $1 billion over the past decade
26th Feb 21, 5:00am
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Proceeds of crime from foreign criminals restrained by New Zealand authorities weigh in at nearly $1 billion over the past decade
CEO Chris Lamers says Flexigroup doesn't anticipate merchant service fees charged by its buy now pay later service would be included in any government regulation
15th Sep 20, 5:00am
CEO Chris Lamers says Flexigroup doesn't anticipate merchant service fees charged by its buy now pay later service would be included in any government regulation
TSB books provision for potential legal action by the RBNZ over alleged non-compliance with anti-money laundering and countering the financing of terrorism requirements
31st Jul 20, 7:41am
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TSB books provision for potential legal action by the RBNZ over alleged non-compliance with anti-money laundering and countering the financing of terrorism requirements
Outcome of international assessment of NZ's efforts to combat money laundering and terrorism financing delayed until 2021 thanks to COVID-19 pandemic
27th May 20, 9:24am
Outcome of international assessment of NZ's efforts to combat money laundering and terrorism financing delayed until 2021 thanks to COVID-19 pandemic
Broader questions raised about the David Hillary controlled NZ company Worldclear as one of its former employees remains holed up in a Singapore prison
13th Feb 20, 5:00am
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Broader questions raised about the David Hillary controlled NZ company Worldclear as one of its former employees remains holed up in a Singapore prison
Aussie prudential regulator investigating Westpac NZ's parent in wake of anti-money laundering allegations, imposes increased capital requirement
17th Dec 19, 11:16am
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Aussie prudential regulator investigating Westpac NZ's parent in wake of anti-money laundering allegations, imposes increased capital requirement
TSB acts to fix areas of its AML/CFT programme 'requiring improvement' and increases minimum capital requirement after regulatory capital errors came to light
5th Dec 19, 4:47pm
TSB acts to fix areas of its AML/CFT programme 'requiring improvement' and increases minimum capital requirement after regulatory capital errors came to light
NZ Police anti-money laundering assessment cites trusts among attractive money laundering vehicles as government plans to exclude them from strengthened beneficial ownership disclosure regime
4th Dec 19, 5:00am
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NZ Police anti-money laundering assessment cites trusts among attractive money laundering vehicles as government plans to exclude them from strengthened beneficial ownership disclosure regime
Morgan Stanley analysts say Westpac may be required to raise capital if Austrac 'bear case' scenario plays out, whilst UBS labels Aussie banks 'global laggards in addressing AML & compliance issues'
29th Nov 19, 7:40am
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Morgan Stanley analysts say Westpac may be required to raise capital if Austrac 'bear case' scenario plays out, whilst UBS labels Aussie banks 'global laggards in addressing AML & compliance issues'
Gareth Vaughan says the RBNZ's latest Financial Stability Report highlights for banks, insurers and non-bank deposit takers that their regulator will be sticking its nose into their business more often and in more ways than in the past.
29th Nov 19, 5:00am
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Gareth Vaughan says the RBNZ's latest Financial Stability Report highlights for banks, insurers and non-bank deposit takers that their regulator will be sticking its nose into their business more often and in more ways than in the past.
Gareth Vaughan details the curious situation of companies kicked off NZ's Financial Service Providers' Register effectively because they're deemed to be bringing NZ's reputation into disrepute overseas, being allowed to remain as registered NZ companies
26th Nov 19, 8:00am
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Gareth Vaughan details the curious situation of companies kicked off NZ's Financial Service Providers' Register effectively because they're deemed to be bringing NZ's reputation into disrepute overseas, being allowed to remain as registered NZ companies
International evaluation of New Zealand's efforts to combat money laundering and counter the financing of terrorism to take place in 2020 despite delay in evaluation of Australia's progress
21st Nov 19, 10:14am
International evaluation of New Zealand's efforts to combat money laundering and counter the financing of terrorism to take place in 2020 despite delay in evaluation of Australia's progress
Auckland Mayor Phil Goff denies claim by GC Group, which the FMA says has the potential to mislead investors, that it was the exclusive title sponsor for a campaign fundraising event during his re-election campaign
21st Nov 19, 6:18am
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Auckland Mayor Phil Goff denies claim by GC Group, which the FMA says has the potential to mislead investors, that it was the exclusive title sponsor for a campaign fundraising event during his re-election campaign
Australian anti-money laundering regulator alleges more than 23 million contraventions of the law by Westpac Banking Corporation with the RBNZ 'looking closely' for any relevance to Westpac NZ
20th Nov 19, 2:04pm
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Australian anti-money laundering regulator alleges more than 23 million contraventions of the law by Westpac Banking Corporation with the RBNZ 'looking closely' for any relevance to Westpac NZ
Police have arrested six people and seized about $9 millions in assets, including three Remuera properties, luxury vehicles and large amounts of cash as part of a money laundering investigation
28th Aug 19, 3:59pm
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Police have arrested six people and seized about $9 millions in assets, including three Remuera properties, luxury vehicles and large amounts of cash as part of a money laundering investigation
Department of Internal Affairs says Regus Management has failed to meet requirements under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009
17th Jul 19, 9:04am
Department of Internal Affairs says Regus Management has failed to meet requirements under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009
As Facebook spruiks Libra and the key global anti-money laundering overseer says virtual asset service providers must be regulated, what have NZ regulators got to say?
27th Jun 19, 5:00am
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As Facebook spruiks Libra and the key global anti-money laundering overseer says virtual asset service providers must be regulated, what have NZ regulators got to say?
Afterpay falling foul of AUSTRAC highlights the regulatory challenges facing newcomers to the financial services sector, Gareth Vaughan says
14th Jun 19, 4:46pm
Afterpay falling foul of AUSTRAC highlights the regulatory challenges facing newcomers to the financial services sector, Gareth Vaughan says
Australian anti-money laundering regulator AUSTRAC identifies concerns with buy now, pay later service provider Afterpay's AML/CFT compliance and orders probe by external auditor
13th Jun 19, 2:35pm
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Australian anti-money laundering regulator AUSTRAC identifies concerns with buy now, pay later service provider Afterpay's AML/CFT compliance and orders probe by external auditor
A resurrection; How Etana Custody Ltd, a company whose CEO & major shareholder has never been to New Zealand, got kicked off NZ's financial service providers' register and then got itself back on
5th Mar 19, 5:00am
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A resurrection; How Etana Custody Ltd, a company whose CEO & major shareholder has never been to New Zealand, got kicked off NZ's financial service providers' register and then got itself back on
NZ companies, financial service providers and internet domain names embroiled in alleged crime wave at the centre of an extradition battle between the USA and Russia over Russian Alexander Vinnik
21st Feb 19, 5:00am
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NZ companies, financial service providers and internet domain names embroiled in alleged crime wave at the centre of an extradition battle between the USA and Russia over Russian Alexander Vinnik
Residential property purchases by overseas buyers were declining before the overseas buyer restrictions were introduced
30th Oct 18, 12:09pm
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Residential property purchases by overseas buyers were declining before the overseas buyer restrictions were introduced
Ron Pol reflects on effectiveness issues revealed by the UK’s leaked AML/CFT evaluation & shares new visualisations of the ratings methodology that will be used to assess NZ’s regime
24th Oct 18, 2:38pm
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Ron Pol reflects on effectiveness issues revealed by the UK’s leaked AML/CFT evaluation & shares new visualisations of the ratings methodology that will be used to assess NZ’s regime