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
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
17th August 2016
Swiss private bank Falcon has been blocked from taking on new business in Singapore by the local central bank and financial regulator, Swiss newspaper Finanz und Wirtschaft said on Wednesday, citing information it had obtained. Falcon is one of the banks under investigation by the Monetary Authority of Singapore (MAS)… 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
10th August 2016
Just days after resigning from a committee set up to study Panama’s finance system in the wake of the Panama Papers scandal, the largest leak of private financial data to the public in history, economist Joseph Stiglitz, a Nobel laureate, told ABC News the remaining panel “will have no credibility… Read More
8th August 2016
The cantonal bank of St Gall in Eastern Switzerland is mired in a corruption scandal, which involves a prominent Austrian politician and a Swiss fiduciary, according to press reports. Read More
5th August 2016
Free National Movement Leader Dr Hubert Minnis yesterday released the details of his much talked about anti-corruption plan, saying it aims to restore transparency and accountability to the country. However the plan was not detailed and revealed no new initiatives. Instead it only repeated much of… Read More
4th August 2016
Assistant US Attorney Evan Norris said the government does expect to bring additional charges. Read More
2nd August 2016
HSBC bank hands over information on over $10 billion in accounts; state extends amnesty for voluntary reporting 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