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FATF

In a stocktake on the anti-money laundering & countering terrorist financing law at 10, Gary Hughes explains where it came from, its impact & how it might be improved
31st Aug 23, 11:04am
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In a stocktake on the anti-money laundering & countering terrorist financing law at 10, Gary Hughes explains where it came from, its impact & how it might be improved
Government efforts to improve beneficial ownership information on NZ companies & limited partnerships stuck in the slow lane
2nd Jun 23, 10:19am
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Government efforts to improve beneficial ownership information on NZ companies & limited partnerships stuck in the slow lane
Nicholas Gilmour and Tristram Hicks on what has gone wrong in the war against money laundering and what could be done to turn the tide
24th Feb 23, 9:32am
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Nicholas Gilmour and Tristram Hicks on what has gone wrong in the war against money laundering and what could be done to turn the tide
Nine years after the Law Commission rejected the idea, the Ministry of Justice recommends reconsidering a beneficial ownership register for trusts
8th Nov 22, 12:02pm
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Nine years after the Law Commission rejected the idea, the Ministry of Justice recommends reconsidering a beneficial ownership register for trusts
Justice Minister, Cabinet, taking their time in responding to 'once-in-a-decade opportunity to improve NZ’s anti-money laundering regime'
18th Oct 22, 9:28am
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Justice Minister, Cabinet, taking their time in responding to 'once-in-a-decade opportunity to improve NZ’s anti-money laundering regime'
Submissions to Ministry of Justice review divided on whether NZ's anti-money laundering oversight, with 3 supervisors, should be retained or changed
31st Mar 22, 7:47am
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Submissions to Ministry of Justice review divided on whether NZ's anti-money laundering oversight, with 3 supervisors, should be retained or changed
After lengthy delay government moves to beef up oversight of the true owners of NZ companies & limited partnerships, but not trusts
22nd Mar 22, 8:00am
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After lengthy delay government moves to beef up oversight of the true owners of NZ companies & limited partnerships, but not trusts
Gary Hughes says perhaps the AML/CFT Statutory Review is a prime opportunity to remind policy-makers that small steps can be taken to ‘right-size’ the rules for local conditions
18th Oct 21, 10:43am
by Guest
1
Gary Hughes says perhaps the AML/CFT Statutory Review is a prime opportunity to remind policy-makers that small steps can be taken to ‘right-size’ the rules for local conditions
Transparency International calls for an end to the ability for the ultimate owners of NZ foreign trusts to avoid tax and financial transparency obligations in their home countries
14th Oct 21, 7:43am
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Transparency International calls for an end to the ability for the ultimate owners of NZ foreign trusts to avoid tax and financial transparency obligations in their home countries
Financial Markets Authority formally warns online investing platform Sharesies for failing to have sufficient anti-money laundering procedures, policies, and controls in place
23rd Aug 21, 11:07am
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Financial Markets Authority formally warns online investing platform Sharesies for failing to have sufficient anti-money laundering procedures, policies, and controls in place
The ACT Party wants to get the ball rolling on finding a less burdensome and less complicated way for New Zealand businesses to comply with international anti-money laundering expectations
28th Jul 21, 11:02am
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The ACT Party wants to get the ball rolling on finding a less burdensome and less complicated way for New Zealand businesses to comply with international anti-money laundering expectations
Ministry of Justice requiring enhanced customer due diligence for companies with nominee directors through amendments to anti-money laundering and countering financing of terrorism regulations
21st Jun 21, 9:38am
Ministry of Justice requiring enhanced customer due diligence for companies with nominee directors through amendments to anti-money laundering and countering financing of terrorism regulations
Reserve Bank details its budget for overseeing compliance by banks, non-bank deposit takers and life insurers with the Anti-Money Laundering and Countering Financing of Terrorism Act
20th May 21, 7:18am
Reserve Bank details its budget for overseeing compliance by banks, non-bank deposit takers and life insurers with the Anti-Money Laundering and Countering Financing of Terrorism Act
The Reserve Bank says it will address recommendations from the Financial Action Task Force 'to the extent feasible' within the scope of its government funding agreement
5th May 21, 8:03am
The Reserve Bank says it will address recommendations from the Financial Action Task Force 'to the extent feasible' within the scope of its government funding agreement
Global money laundering and terrorist financing watchdog says the RBNZ needs 'adequate resources to apply the appropriate scope and depth of supervision to banks'
29th Apr 21, 7:30pm
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Global money laundering and terrorist financing watchdog says the RBNZ needs 'adequate resources to apply the appropriate scope and depth of supervision to banks'
Financial Action Task Force's anti-money laundering review of NZ highlights the openness to abuse of trusts and company nominee director & shareholder arrangements
29th Apr 21, 7:30pm
21
Financial Action Task Force's anti-money laundering review of NZ highlights the openness to abuse of trusts and company nominee director & shareholder arrangements
Major international evaluation of New Zealand's efforts to combat money laundering and counter the financing of terrorism due out soon
15th Apr 21, 10:38am
Major international evaluation of New Zealand's efforts to combat money laundering and counter the financing of terrorism due out soon
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
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
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?
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
by Ron Pol
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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
Government pushes for beneficial ownership register for NZ companies & limited partnerships to stop 'erosion' of New Zealand as a good place for honest business
25th Jun 18, 4:55pm
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Government pushes for beneficial ownership register for NZ companies & limited partnerships to stop 'erosion' of New Zealand as a good place for honest business
Ron Pol details his research revealing that anti-money laundering rules are almost completely ineffective
24th May 18, 10:36am
by Ron Pol
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Ron Pol details his research revealing that anti-money laundering rules are almost completely ineffective
Gareth Vaughan looks at MBIE's latest plans to clean up NZ's problematic Financial Service Providers' Register & reiterates his earlier call for the Government to abolish it
14th Apr 18, 9:32am
Gareth Vaughan looks at MBIE's latest plans to clean up NZ's problematic Financial Service Providers' Register & reiterates his earlier call for the Government to abolish it
The FMA issues warnings about NZ's troublesome Financial Service Providers Register in Chinese, Malay and Arabic & admits it's easier to get on it than be removed from it
22nd Sep 17, 6:02am
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The FMA issues warnings about NZ's troublesome Financial Service Providers Register in Chinese, Malay and Arabic & admits it's easier to get on it than be removed from it