Ministry of Business, Innovation & Employment says final policy decisions on improved beneficial ownership information on NZ companies coming this year More...
When a customer is conned by a fraudster & in an out of character move sends significant sums of money overseas, does a bank have any AML-CFT Act responsibilities? More...
Anti-money laundering expert Ron Pol labels government's reasons for excluding trusts from its beneficial ownership regime 'remarkable for having been expressed out loud' More...
Shell companies, the role of company and trust service providers, and alternative banking platforms highlighted in NZ Police money laundering report More...
Returning to the basic concept of a company, collecting verified information, regulators focusing on policy effectiveness rather than box ticking & other ways to tackle the misuse of NZ companies More...
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 More...
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 More...
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 More...
Ron Pol cheers John Shewan's report on foreign trust disclosure, says with him exercising the nuclear option the government's choices are now stark More...
US$7 billion fraudster Allen Stanford, the 'outside wife', 'favourable tax laws,' and 'the legal Fort Knox of asset protection' - New Zealand foreign trusts More...