18th August 2016
The Ministry of Justice is encouraging businesses affected by upcoming changes to anti-money laundering law to have their say on the proposed reforms. The Ministry has issued a consultation document as part of the Government’s move to extend the Anti- Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT… Read More
12th August 2016
Bank customers are being told to make the most of their local branches – their days could be numbered. It has been revealed that Westpac is planning to close 19 of its branches, mostly in regional New Zealand, which could result in the loss of up to 70 jobs. Commentators… Read More
1st August 2016
Possible EU sanctions against New Zealand could make travel harder and have a massive effect on the economy. New Zealand is under investigation by the EU as it prepares a blacklist of global tax havens, Newshub revealed on Monday night. The grouping of 28 European nations has… Read More
13th July 2016
New Zealand said on Wednesday it will introduce a registry of foreign trusts that local tax and law enforcement agencies could use to investigate suspected money laundering and tax evasion. The registry was recommended after an independent review by accountant John Shewan last month, in the wake of the Panama… Read More
13th July 2016
New Zealand said on Wednesday it will introduce a registry of foreign trusts that local tax and law enforcement agencies could use to investigate suspected money laundering and tax evasion. The registry was recommended after an independent review by accountant John Shewan last month, in the wake of the Panama… Read More
28th June 2016
The Government won't speed up anti-money laundering laws – because of the cost to lawyers and real estate agents. Read More
27th June 2016
New Zealand's foreign trust rules are inadequate and must change, a Government-ordered inquiry has found. Read More
8th June 2016
A former head of the International Cricket Council's anti-corruption unit has questioned comments by former New Zealand captain Brendon McCullum, who labelled the unit's approach as casual. Read More
31st May 2016
Justice Minister Amy Adams says it takes longer than "five minutes'' to develop anti-money laundering legislation. Read More
26th May 2016
Financial Markets Authority chief executive Rob Everett is giving the market watchdog a pass mark as it nears the end of its establishment phase and starts taking a closer look at ensuring firms' conduct is up to scratch. Read More