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AML/CFT Act

Commerce & Consumer Affairs Minister Andrew Bayly says banking probe could look at encouraging more lending to 'productive' sectors instead of housing
19th Feb 24, 10:10am
10
Commerce & Consumer Affairs Minister Andrew Bayly says banking probe could look at encouraging more lending to 'productive' sectors instead of housing
[updated]
Citibank NZ cops a formal Reserve Bank warning under the AML/CFT Act over 64,000 international wire transfers
14th Dec 23, 11:50am
21
Citibank NZ cops a formal Reserve Bank warning under the AML/CFT Act over 64,000 international wire transfers
Westpac floats idea of mutual anti-money laundering due diligence across banks to help improve the customer switching experience
21st Oct 23, 10:11am
6
Westpac floats idea of mutual anti-money laundering due diligence across banks to help improve the customer switching experience
Commerce & consumer affairs spokesman Andrew Bayly says National looking at use of biometrics, potentially the blockchain, to simplify AML verification requirements
25th Sep 23, 11:06am
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Commerce & consumer affairs spokesman Andrew Bayly says National looking at use of biometrics, potentially the blockchain, to simplify AML verification requirements
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
6
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
National's Andrew Bayly on fair conduct, anti-money laundering and how open banking could help combat scams
24th Aug 23, 11:35am
4
National's Andrew Bayly on fair conduct, anti-money laundering and how open banking could help combat scams
Independent advisers to select committee crypto inquiry suggest 'coherent and consistent guidance on the treatment of digital assets under current law'
18th Aug 23, 1:55pm
10
Independent advisers to select committee crypto inquiry suggest 'coherent and consistent guidance on the treatment of digital assets under current law'
Hunting for a ‘golden unicorn’: How NZ charities find banks constantly get in the way of them helping people
8th Aug 23, 10:24am
by Guest
5
Hunting for a ‘golden unicorn’: How NZ charities find banks constantly get in the way of them helping people
As the Commerce Commission's banking market study gets underway, Gareth Vaughan looks at the impact of regulation on competition
14th Jul 23, 8:32am
3
As the Commerce Commission's banking market study gets underway, Gareth Vaughan looks at the impact of regulation on competition
[updated]
Share broker Tiger Brokers pinged in FMA court case after transacting $60.8m 'without proper checks and controls in place'
29th Jun 23, 1:00pm
1
Share broker Tiger Brokers pinged in FMA court case after transacting $60.8m 'without proper checks and controls in place'
Gary Hughes puts a spotlight on the 'novel Kiwi experiment' of outlawing large cash transactions
8th May 23, 8:00am
by Guest
65
Gary Hughes puts a spotlight on the 'novel Kiwi experiment' of outlawing large cash transactions
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
12
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
FMA files court proceedings against Tiger Brokers, alleging AML/CFT Act breaches, says the record-keeping breaches are systemic and significant
21st Dec 22, 2:19pm
by admin
5
FMA files court proceedings against Tiger Brokers, alleging AML/CFT Act breaches, says the record-keeping breaches are systemic and significant
ANZ NZ awaiting outcome of RBNZ probe into 'material breach' of anti-money laundering laws
15th Nov 22, 11:54am
7
ANZ NZ awaiting outcome of RBNZ probe into 'material breach' of anti-money laundering laws
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
4
Nine years after the Law Commission rejected the idea, the Ministry of Justice recommends reconsidering a beneficial ownership register for trusts
Review of anti-money-laundering and counter-terrorism financing suggests looser settings for some as $1.3b cost mounts
7th Nov 22, 8:14pm
6
Review of anti-money-laundering and counter-terrorism financing suggests looser settings for some as $1.3b cost mounts
Department of Internal Affairs says Openpay failed to establish, implement or maintain an AML/CFT programme
4th Nov 22, 9:37am
2
Department of Internal Affairs says Openpay failed to establish, implement or maintain an AML/CFT programme
The FMA issues formal warning to InvestNow for failing to comply with anti-money laundering requirements
19th Oct 22, 10:24am
The FMA issues formal warning to InvestNow for failing to comply with anti-money laundering requirements
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
1
Justice Minister, Cabinet, taking their time in responding to 'once-in-a-decade opportunity to improve NZ’s anti-money laundering regime'
Introduction of stronger rules around the beneficial ownership of NZ companies stuck in the slow lane
13th Sep 22, 9:12am
1
Introduction of stronger rules around the beneficial ownership of NZ companies stuck in the slow lane
BNZ provided incorrect information to Police about 50,000 cash transactions
8th Jul 22, 10:10am
7
BNZ provided incorrect information to Police about 50,000 cash transactions
Possible ANZ NZ anti-money laundering breaches referred to the Reserve Bank’s enforcement team
11th May 22, 5:00pm
7
Possible ANZ NZ anti-money laundering breaches referred to the Reserve Bank’s enforcement team
The global anti-money laundering watchdog suggested NZ consider developing a register of trusts. But even as it bolsters beneficial ownership information on companies & limited partnerships the government isn't taking this advice. Why?
6th Apr 22, 2:02pm
9
The global anti-money laundering watchdog suggested NZ consider developing a register of trusts. But even as it bolsters beneficial ownership information on companies & limited partnerships the government isn't taking this advice. Why?
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
3
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
23
After lengthy delay government moves to beef up oversight of the true owners of NZ companies & limited partnerships, but not trusts