New Zealand introduced new amendments to its Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Amendment Act 2017 (Phase 2) in an effort to prevent money laundering, terrorist financing and increase the difficulty for criminals to profit from illicit activities. … Read more >
New Zealand businesses are expected to spend $1 billion over the next 10 years in order to comply with New Zealand’s new Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) Act. The Police Financial Intelligence Unit has estimated that… Read more >
A study published by the Journal of Financial Crime and conducted by Ron Pol, a political scientist from New Zealand, discovered that authorities from around the world have only been able to recover 0.2% annually of the estimated $2 trillion… Read more >
Due to IT complications, banks and financial institutions in New Zealand have been allowed a grace period to conform to new regulations made in order to fight money laundering and terrorist funding. The Anti-Money Laundering (AML) and Countering Financing of… Read more >
The International Anti-Corruption Coordination Centre (IACCC) will be launching a multinational effort to combat grand corruption which can include bribery of public officials, embezzlement, abuse of power and money laundering of profit from illegal activity. At the time of the… Read more >