New Zealand

Reset Filter

Jurisdictions

Industry Sectors

Predicate Crimes

Enforcement

Regulatory Update

27th January 2017

New Zealand: Serious Fraud Office investigating Te Arawa leader

An influential Te Arawa Maori business leader is being investigated by the Serious Fraud Office. Read More

17th January 2017

The 9 countries best at fighting corruption

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

New Zealand says government will be money-laundering watchdog for lawyers, estate agents

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

New Zealand central bank warns credit union for breaching anti-money laundering rules

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’s top spot as easiest place to do business has unpalatable side

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 extends anti-money laundering rules to capture property agents

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

New Zealand Police and Officials Warn of Real Estate Laundering

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

Money laundering suspect fined $42m in NZ

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

Fraud suspect wanted by China pays $31m to end New Zealand police probe

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

18th August 2016

New Zealand: Consultation launched to inform new anti-money laundering laws

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

Must Read

EFCC Arrests Jonathan’s Nigeria’s Minister, Wakil In Abuja Over Alleged PHCN Fraud

Trinidad & Tobago: FIU uncovers $27B in suspicious transactions

Businessmen accused of Ukraine money laundering gave millions to New York charities

Hawala’ racket: 700 entities under ED scanner

Australia: Clubs propose digital wallet for pokies as suspicious player activity unveiled