10th May 2017
Controversial businessman William Yan has pleaded guilty to money laundering and will serve home detention. Mr Yan – also known as Bill Liu and Citizen Yan – pleaded guilty in March despite maintaining innocence when pursued by New Zealand and Chinese authorities over the past 16-years, the New Zealand Herald… Read More
28th March 2017
The New Zealand government is planning to expand the groups of professionals and businesses that have a legal responsibility to report suspicions that their clients are involved in money laundering or terrorist financing. Read More
13th March 2017
New anti-money laundering rules will have a “significant impact” on people using the property industry to launder money, Prime Minister Bill English says. Mr  English’s comments come after the Anti-Money Laundering and Countering Financing of Terrorism Amendment Bill was introduced to Parliament this week. Read More
28th February 2017
A hair and beauty products company owned by a man who ran what is thought to be a significant ponzi scheme is looking for a new owner. Read More
22nd February 2017
An Auckland contractor and public official have been jailed for corruption worth more than $1 million relating to roading contracts. Read More
16th February 2017
Four people have been accused by the Serious Fraud Office of misleading ANZ into giving them a loan facility of about $40 million. Property developer Leonard John Ross (50), company director Michael James Wehipeihana (45), self-employed consultant Vaughn Stephen Foster (54) and one other person have been charged by the SFO at the Auckland District… Read More
15th February 2017
Parliament has passed a bill that strengthens the rules around foreign trusts. The changes were recommended by tax expert John Shewan, appointed by the government to review existing legislation following the release of the Panama Papers. Read More
13th February 2017
New Zealand can celebrate being pronounced the least corrupt country in the world. But that doesn’t mean we should be complacent – there are plenty of recent controversies that threaten the nation’s reputation for integrity. Read More
10th February 2017
New Zealand’s market regulatory, the Financial Markets Authority (FMA) looks to be toughening up on firms and reporting entities (REs) which are required to provide the regulator with independently produced AML/CFT audit reports. Read More
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