AML/CFT Act
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
8
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
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?
17th Oct 18, 5:00am
9
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?
Cayman Islands bank seeks its money back from New Zealand financial services provider and affiliated NZ company
28th Sep 18, 5:00am
1
Cayman Islands bank seeks its money back from New Zealand financial services provider and affiliated NZ company
Auckland-based money remitter Qian DuoDuo moved almost $95m from China to NZ without having enough information to trace transactions back to their originators
31st Jul 18, 12:08pm
22
Auckland-based money remitter Qian DuoDuo moved almost $95m from China to NZ without having enough information to trace transactions back to their originators
Government launches campaign to keep public in the loop as lawyers, accountants and real estate agents need to start complying with anti-money laundering rules
24th Jul 18, 5:08pm
27
Government launches campaign to keep public in the loop as lawyers, accountants and real estate agents need to start complying with anti-money laundering rules
RBNZ says banks used by a third party to operate accounts for financial service provider Worldclear probably didn't know about the connection to Worldclear
21st Jun 18, 12:05pm
1
RBNZ says banks used by a third party to operate accounts for financial service provider Worldclear probably didn't know about the connection to Worldclear
Ron Pol details his research revealing that anti-money laundering rules are almost completely ineffective
24th May 18, 10:36am
19
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
Shell companies, the role of company and trust service providers, and alternative banking platforms highlighted in NZ Police money laundering report
16th Mar 18, 10:24am
2
Shell companies, the role of company and trust service providers, and alternative banking platforms highlighted in NZ Police money laundering report
Hurricanes sponsor and Wellington promoter Fullerton Markets quits the 'next financial hub of New Zealand'
2nd Feb 18, 3:30pm
5
Hurricanes sponsor and Wellington promoter Fullerton Markets quits the 'next financial hub of New Zealand'
Department of Internal Affairs issues formal anti-money laundering warning to company service provider operating through virtual office in downtown Auckland
19th Dec 17, 12:28pm
15
Department of Internal Affairs issues formal anti-money laundering warning to company service provider operating through virtual office in downtown Auckland
Auckland company Ping An fined $5.29 mln for 'calculated and contemptuous disregard' for anti-money laundering laws
29th Sep 17, 3:33pm
49
Auckland company Ping An fined $5.29 mln for 'calculated and contemptuous disregard' for anti-money laundering laws
NZ's Jetfield Networks & Larkstone Ltd, the US$142.5 mln tipped into the alleged Azerbaijani Laundromat, and their formally warned NZ company agent Equity Trust International
7th Sep 17, 11:07am
19
NZ's Jetfield Networks & Larkstone Ltd, the US$142.5 mln tipped into the alleged Azerbaijani Laundromat, and their formally warned NZ company agent Equity Trust International
Ron Pol sheds light on the legal profession & money laundering and argues anti-money laundering is manageable for law firms
2nd Sep 17, 6:02am
22
Ron Pol sheds light on the legal profession & money laundering and argues anti-money laundering is manageable for law firms
APRA launches independent prudential inquiry into governance, culture and accountability within ASB's parent Commonwealth Bank of Australia
28th Aug 17, 10:54am
APRA launches independent prudential inquiry into governance, culture and accountability within ASB's parent Commonwealth Bank of Australia
MBIE striving to diagnose whether a problem exists due to a lack of transparency on company and trust beneficial ownership
4th Aug 17, 5:02am
1
MBIE striving to diagnose whether a problem exists due to a lack of transparency on company and trust beneficial ownership
Wairarapa Building Society looks at ways of countering the rising costs of cyber-security and anti-money laundering responsibilities
24th Jul 17, 11:20am
Wairarapa Building Society looks at ways of countering the rising costs of cyber-security and anti-money laundering responsibilities
ANZ calls for Companies Office to verify directors' and shareholders' identities to alleviate AML burden on the likes of banks, law and accountancy firms
18th Jul 17, 5:02am
3
ANZ calls for Companies Office to verify directors' and shareholders' identities to alleviate AML burden on the likes of banks, law and accountancy firms
The FMA's court victory over Innovative Securities shows what NZ regulators are up against with the FSPR, and why they need to cooperate with their overseas counterparts
15th Jun 17, 5:02am
1
The FMA's court victory over Innovative Securities shows what NZ regulators are up against with the FSPR, and why they need to cooperate with their overseas counterparts
Four NZ financial service providers, an infamous Taylor, a curious director & shareholder, China, the Gold Coast, and the world's easiest country to start a business in
2nd May 17, 8:01pm
1
Four NZ financial service providers, an infamous Taylor, a curious director & shareholder, China, the Gold Coast, and the world's easiest country to start a business in
Banks want a section from the controversial USA PATRIOT Act added to NZ's Anti-Money Laundering & Countering Financing of Terrorism Act
26th 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
ICBC & China Construction Bank explain how China's NZ banks operate within the US$50k restriction on Chinese citizens taking money overseas & their AML responsibilities
18th Mar 17, 8:26am
18
ICBC & China Construction Bank explain how China's NZ banks operate within the US$50k restriction on Chinese citizens taking money overseas & their AML responsibilities
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
15th Mar 17, 6:02am
12
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
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
23rd Feb 17, 11:05am
20
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
Govt seeks to lift focus on nominee directors & bring anti-money laundering into the picture in attempt to clean up Financial Service Providers Register
21st Feb 17, 10:31am
Govt seeks to lift focus on nominee directors & bring anti-money laundering into the picture in attempt to clean up Financial Service Providers Register