8th February 2017
The Financial Markets Authority has sent warning shots over the bows of twelve financial advisory firms for failing to provide anti-money laundering audits. Read More
27th January 2017
An influential Te Arawa Maori business leader is being investigated by the Serious Fraud Office. Read More
17th January 2017
The World Economic Forum has released its 2017 "Inclusive Growth and Development Report" — a major look into how nations around the world can best ensure that their businesses and institutions function as efficiently as possible. Read More
13th December 2016
The New Zealand government rejected on Tuesday a proposal for industries to police new money-laundering rules themselves, and will instead leave one government department in charge of supervising thousands more businesses. Read More
12th December 2016
Dec 12 New Zealand's central bank said on Monday it had issued a formal warning to Aotearoa Credit Union for failing to meet anti-money laundering rules between 2013 and 2015. Read More
26th October 2016
New Zealand has edged out Singapore to take top spot for ease of doing business in the World Bank’s latest rankings, but money laundering experts warned the honour masked the darker side of the Pacific nation’s vulnerability as a channel for illegal funds. In its annual “Doing Business” report released… Read More
16th September 2016
New Zealand will extend its anti-money laundering laws to cover real estate agents and other professions amid fears the country has become a soft target for illegal fund flows that have also helped inflate the property market. Soaring property prices have become a hot issue among the New Zealand public… Read More
11th September 2016
Police research concludes a loophole is seeing lawyers, accountants and real estate agents being increasingly used to launder $1.6 billion in dirty money annually – including into New Zealand’s booming property markets. “Recent police investigations have exposed the fact that professional services and the real estate sector are closely linked… Read More
24th August 2016
New Zealand police say they have reached a deal with a China-born businessman for him to pay a record NZ$42 million (S$41.5 million) fine to settle legal action following an investigation with China into money laundering. Mr William Yan, a New Zealand citizen, is accused of embezzlement and is on… Read More
23rd August 2016
William Yan holds New Zealand citizenship and denies any wrongdoing. Although he was never charged in New Zealand with money-laundering, China still considers him one of the country’s most-wanted suspects Read More