Anti-money laundering

International AML News - Hundreds of properties could be seized in UK corruption crackdown

In Britain a new criminal finances bill will include an ‘unexplained wealth order’ forcing suspects to disclose source of their assets. This bill is designed to close a loophole which has left the authorities powerless to seize property from overseas criminals unless the individuals are first convicted in their country of origin.

Hundreds of British properties suspected of belonging to corrupt politicians, tax evaders and criminals could be seized by enforcement agencies under tough new laws designed to tackle London’s reputation as a haven for dirty money.

Huge amounts of corrupt wealth is laundered through the capital’s banks. The National Crime Agency believes up to £100billion of tainted cash could be passing through the UK each year. Much of it ends up in real estate, and in other assets such as luxury cars, art and jewellery.

Digital Currency

TI Australia calls for digital and virtual currencies to be included in their AML regulations

Digital Currencies - a letter to the PM TI Australia joins with the Tax Justice Network in calling for the Prime Minister, Malcolm Turnbull, to make the inclusion of digital and virtual currencies under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 a priority.

Actions

Recent Activity

Corruption Perceptions Index 2016 TINZ media release
Transparency International’s 2016 Corruption Perception Index (TI CPI) has found that the New Zealand and Denmark public sectors are the least corrupt in the world. 25 Jan, 2017

TINZ OGP Submission
Transparency International New Zealand (TINZ) submitted recommendations for New Zealand’s second Open Government Partnership (OGP) National Action Plan (NAP). Among the recommendations were a call for more ambition in creating NAPs and developing channels of communication for improving engagement with citizens. 19 Aug, 2016

Safeguarding the public interest in research
1 Aug, 2016

EU and New Zealand tax transparency
1 Aug, 2016

London Summit 2016 NZ Statement Commitments Progress
31 Jul, 2016

New Zealand Country Statement Anti Corruption Summit London 2016
29 May, 2016

Shewan Inquiry Submission Media Release
TINZ has provided its submission to the Shewan Inquiry calling on the government to widen the terms of reference to protect New Zealand's reputation and future proof our laws following the release of the "Panama papers". 21 May, 2016

CPI 2015 TINZ Media Release
Corruption Free? NZ drops again. New Zealand has fallen to fourth place in the Transparency International Corruption Perceptions Index (CPI). 26 Jan, 2016