Ministry of Justice

26 Apr 17, 9:22am
Banks want a section from the controversial USA PATRIOT Act added to NZ's Anti-Money Laundering & Countering Financing of Terrorism Act
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15 Mar 17, 6:02am
Justice Minister Amy Adams says estimated compliance costs of extending anti-money laundering net have fallen by as much as half to between $800 mln and $1.1 bln
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23 Feb 17, 11:05am
Shifting NZ's anti-money laundering focus to an outcomes oriented one and away from a box ticking approach would boost ability to detect, prosecute & prevent serious crime, expert says
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14 Feb 17, 7:00am
Lawyers continue to balk at the Government's plans to drag them into compliance with anti-money laundering laws
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13 Dec 16, 11:17am
Govt to stick with 3 anti-money laundering supervisors as it moves to drag real estate agents, lawyers, accountants and others into the anti-money laundering net
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5 Dec 16, 2:47pm
RBNZ's Grant Spencer says Australian-style single, super AML regulatory model 'ultimately may be a good solution' for New Zealand
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2 Nov 16, 5:17pm
Justifying delay of new bill, Justice Minister warns extending Anti-Money Laundering regime to real estate agents, accountants and lawyers could cost home owners NZ$1.6 bln over 10 yrs; Labour accuses Govt of going soft on policing dirty money from China
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1 Nov 16, 12:46pm
Justice Minister denies that lobbying from real estate agents has delayed round 2 of anti-money-laundering reforms; says still on track for passing of legislation by mid-2017; but backs off earlier aim to introduce legislation in 2016
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1 Nov 16, 5:02am
Chapman Tripp, Bell Gully call for a single anti-money laundering supervisor similar to AUSTRAC in Australia
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29 Sep 16, 5:02am
Real Estate Agents Authority argues any person or business carrying out activity involving real estate agency work should be subject to anti-money laundering laws
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13 Sep 16, 11:41am
PM says wary of policy action that could cause catastrophic slump in housing market; points to Australia; says Govt must protect home owners' equity; also wary of 2nd round of Anti Money Laundering controls as may increase agent/lawyer costs
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26 Aug 16, 10:49am
Chapman Tripp says proposed changes to the AML/CFT Act could significantly increase the level of reporting, monitoring & compliance required by financial institutions
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25 Aug 16, 10:10am
Accountants more cautious than lawyers and real estate agents about being drawn into the AML/CFT Act
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24 Aug 16, 5:03am
Strewth mate! Why New Zealand should embark down the Australian anti-money laundering regulatory path rather than the British one
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23 Aug 16, 5:03am
Ministry of Justice non-committal on who will supervise newcomers to Anti-Money Laundering & Countering Financing of Terrorism Act
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21 Jun 16, 7:27am
Much work and key decisions still ahead as government looks to roll out phase 2 of the Anti-Money Laundering and Countering Financing of Terrorism Act
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31 May 16, 2:37pm
Justice Minister confirms Govt accelerating 2nd round of Anti Money Laundering rules to include real estate agents, solicitors and lawyers by mid 2017; move follows Panama Papers publicity
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9 May 16, 7:25pm
PM says Government to accelerate introduction of second round of Anti-Money Laundering rules to include solicitors, accountants and real estate agents after Panama Papers; Dunne concerned about reputational damage to NZ from tax haven talk
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1 Feb 16, 5:02am
Plugging the anti-money laundering loophole should be the key plank of combating misuse of the Financial Service Providers Register
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3 Dec 15, 5:02am
The Government's finally showing a willingness to stamp out abuse of our FSPR but appears unsure of quite how to do it
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