Megaupload founder wins battle in ongoing fight against U.S. extradition
26th March 2018
Megaupload founder wins battle in ongoing fight against U.S. extradition
Internet entrepreneur Kim Dotcom won one battle with New Zealand authorities on Monday when a Wellington court ruled the attorney general broke the law by refusing his request to be given all information about him held by public agencies. The Human Rights Review Tribunal’s decision might be relevant for his… Read More
Megaupload founder Kim Dotcom asks for Obama to appear in court
20th March 2018
Megaupload founder Kim Dotcom asks for Obama to appear in court
Internet entrepreneur Kim Dotcom said on Tuesday he has filed an application for former U.S. President Barack Obama to appear in court in relation to a damages claim over his defunct Megaupload streaming website while Obama visits New Zealand this week. German-born Dotcom is wanted by U.S. law enforcement authorities… Read More
New Zealand: Sports sponsor warned over poor AML controls
24th November 2017
New Zealand: Sports sponsor warned over poor AML controls
KYC360 News A brokerage firm known for its sponsorship of top rugby team the Hurricanes has been cautioned about financial crime issues after an inspection by authorities highlighted serious flaws. In addition to being the front of jersey sponsor of the Hurricanes, Fullerton funds other sporting events or teams, including… Read More
New Zealand: Kiwis embrace blockchain, despite bitcoin bottleneck
9th October 2017
New Zealand: Kiwis embrace blockchain, despite bitcoin bottleneck
9 October 2017 By Richard MacManus, STUFF Blockchain technology can be used to record basically any digital data. One of the biggest tech trends of 2017 has been the rise of blockchain, the technology behind bitcoin. But unlike with bitcoin, there are promising blockchain projects under development in New… Read More
Australian banks drop ATM charges in reputation fightback
25th September 2017
Australian banks drop ATM charges in reputation fightback
Australia’s four largest banks are scrapping cash withdrawal charges for all domestic users as they try to salvage their reputations amid rising political pressure for tougher laws after a series of scandals. Commonwealth Bank of Australia, the nation’s biggest lender, said on Sunday it would immediately remove the A$2 ($1.60)… Read More
New Zealand: Tax crackdown evolves – kills foreign trusts, slugs MNCs for $200m
4th August 2017
New Zealand: Tax crackdown evolves – kills foreign trusts, slugs MNCs for $200m
The multinational tax crackdown announced yesterday is a remarkable evolution of government thinking. This metamorphosis encompasses both whether the problem of corporate tax avoidance was a problem at all, and also if it could be effectively tackled. Read More
New Zealand: anti-money laundering laws pass unanimously
3rd August 2017
New Zealand: anti-money laundering laws pass unanimously
Parliament has unanimously passed reforms to strengthen the existing Anti-Money Laundering and Countering Financing of Terrorism Act 2009, says Justice Minister Amy Adams. “Money laundering and the financing of terrorism is a global issue with serious consequences. It is blight on society that undermines the hard work of legitimate businesses… Read More
New Zealand: research shows state far more lenient on tax evasion than welfare fraud
24th July 2017
New Zealand: research shows state far more lenient on tax evasion than welfare fraud
Tax discrepancies cost the New Zealand taxpayer around $1.2 billion a year, while welfare fraud is less than $40 million. But research shows the former are far less likely to be jailed than the latter. Read More
NZ to help Pacific combat money laundering
21st June 2017
NZ to help Pacific combat money laundering
Foreign Minister Gerry Brownlee has announced a significant boost to support Pacific island countries comply with international anti-money laundering standards. New Zealand is providing $3.6 million to the Asia-Pacific Group on Money Laundering. Read More
Law Society questions Anti-Money Laundering legislation date
10th May 2017
Law Society questions Anti-Money Laundering legislation date
January 2019 is a far more realistic date than July 2018 for bringing lawyers into the requirements of the Anti-Money Laundering and Countering Financing of Terrorism legislation, the New Zealand Law Society says. The Law Society has presented a submission on the Anti-Money Laundering and Countering Financing of Terrorism Amendment… Read More
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