AML/CFT Act
Lawyers continue to balk at the Government's plans to drag them into compliance with anti-money laundering laws
14th Feb 17, 7:00am
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Lawyers continue to balk at the Government's plans to drag them into compliance with anti-money laundering laws
Chartered accountants' industry body wants 'pragmatic & proportional' AML compliance for its members that offers tangible benefit
13th Feb 17, 7:13am
Chartered accountants' industry body wants 'pragmatic & proportional' AML compliance for its members that offers tangible benefit
IMF and FSB warn anti-money laundering rules need tweaking so the Pacific Islands aren't shut out of the global banking system and the integrity of the world's financial system isn't put at risk
22nd Dec 16, 8:06am
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IMF and FSB warn anti-money laundering rules need tweaking so the Pacific Islands aren't shut out of the global banking system and the integrity of the world's financial system isn't put at risk
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
13th Dec 16, 11:17am
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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
TSB formally warned by RBNZ for failing to review and keep up to date its anti-money laundering risk assessment over a 3 year period
6th Dec 16, 12:34pm
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TSB formally warned by RBNZ for failing to review and keep up to date its anti-money laundering risk assessment over a 3 year period
RBNZ's Grant Spencer says Australian-style single, super AML regulatory model 'ultimately may be a good solution' for New Zealand
5th 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
Michael Field takes a look at the new offering from a key player involved in the famous saga of a NZ company that was at the centre of a North Korean arms smuggling operation
30th Nov 16, 5:25pm
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Michael Field takes a look at the new offering from a key player involved in the famous saga of a NZ company that was at the centre of a North Korean arms smuggling operation
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
2nd Nov 16, 5:17pm
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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
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
1st Nov 16, 12:46pm
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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
Chapman Tripp, Bell Gully call for a single anti-money laundering supervisor similar to AUSTRAC in Australia
1st Nov 16, 5:02am
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Chapman Tripp, Bell Gully call for a single anti-money laundering supervisor similar to AUSTRAC in Australia
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
29th Sep 16, 5:02am
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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
Money remitter shut out by banks due to AML concerns claims it has no choice but to physically ship cash around the world
23rd Sep 16, 9:01am
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Money remitter shut out by banks due to AML concerns claims it has no choice but to physically ship cash around the world
Banks, accountants' lobby groups push for new Australian-style single anti-money laundering regulator
21st Sep 16, 5:01am
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Banks, accountants' lobby groups push for new Australian-style single anti-money laundering regulator
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
13th Sep 16, 11:41am
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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
Chapman Tripp says proposed changes to the AML/CFT Act could significantly increase the level of reporting, monitoring & compliance required by financial institutions
26th 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
Accountants more cautious than lawyers and real estate agents about being drawn into the AML/CFT Act
25th Aug 16, 10:10am
Accountants more cautious than lawyers and real estate agents about being drawn into the AML/CFT Act
Strewth mate! Why New Zealand should embark down the Australian anti-money laundering regulatory path rather than the British one
24th Aug 16, 5:03am
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Strewth mate! Why New Zealand should embark down the Australian anti-money laundering regulatory path rather than the British one
Ministry of Justice non-committal on who will supervise newcomers to Anti-Money Laundering & Countering Financing of Terrorism Act
23rd Aug 16, 5:03am
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Ministry of Justice non-committal on who will supervise newcomers to Anti-Money Laundering & Countering Financing of Terrorism Act
Lawyers warn our regulators are upping the ante in their fight against money launderers and terrorists, as a big review of our AML/CFT regime looms and the issue gets more media scrutiny
11th Jul 16, 12:02pm
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Lawyers warn our regulators are upping the ante in their fight against money launderers and terrorists, as a big review of our AML/CFT regime looms and the issue gets more media scrutiny
Bill English rules out 'radical' policy changes to shield money remitters from banks' blanket de-risking policies
10th Jun 16, 5:00am
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Bill English rules out 'radical' policy changes to shield money remitters from banks' blanket de-risking policies
Bankers relieved and money remitters knocked back by High Court ruling allowing Kiwibank to close E-Trans' accounts
2nd Jun 16, 9:02am
Bankers relieved and money remitters knocked back by High Court ruling allowing Kiwibank to close E-Trans' accounts
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
31st May 16, 2:37pm
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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
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
9th May 16, 7:25pm
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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
Craigs Investment Partners gets formal warning after FMA investigation into its Anti-Money Laundering Act compliance
3rd May 16, 10:43am
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Craigs Investment Partners gets formal warning after FMA investigation into its Anti-Money Laundering Act compliance
UN whistle-blower and WorldRemit CEO warns banks' refusal to do business with money remitters is driving them underground, heightening the laundering risks they pose
20th Apr 16, 1:06pm
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UN whistle-blower and WorldRemit CEO warns banks' refusal to do business with money remitters is driving them underground, heightening the laundering risks they pose