- Who We Are
- What We Do
- Our Actions
- What We've Done
David Dunsheath and Daniel King
New Director Election, Tim Goodrick
Happy Hour 2016 TINZ AGM
John Shewan and Suzanne Snively
Finance Officer, Helen Bewley, with TINZ member, Helen Algar
Keynote speaker John Shewan
Keynote speaker John Shewan with Suzanne Snively
Keynote speaker John Shewan
Master of Ceremonies, Malcolm Alexander, CEO LGNZ and TINZ Treasurer, Christine Stevenson
Member Ruby McGruddy, Lexi Mills and administrator Eva Lu
Retiring Director Fuimaono Tuiasau and Suzanne Snively
Suzanne and Janine
TINZ AGM Audience
TINZ Director Charles Hett
TINZ Director David McNeill
On 10 November 2016, Transparency International New Zealand held it's Annual General Meeting in Wellington. This is the one event of the year which is members only. With TINZ's growing membership, there was a full house.
The business portion of the meeting featured a Chair’s statement by TINZ Chair Suzanne Snively reviewing the organizations accomplishments over the last year.
She highlighted that awareness among public servants and business leaders is growing rapidly and they are more engaged with the idea of transparency, integrity and accountability as core values.
This awareness now needs to be expanded to all of New Zealand's population.
During the AGM Directors David McNeil and Mark Sainsbury were re-elected for another three years. Tim Goodrick was newly elected.
Conway Powell, was appointed an interim Director to replace Janine McGruddy, and introduced to AGM attendees.
Tim Goodrick, an Associate Director at KPMG in the Forensic practice,has over 10 years’ experience combatting financial crime whilst working in government, international organisations and consulting.
Tim joined KPMG in March 2015 from the OECD’s Financial Action Task Force (FATF) in Paris, France. There, he had spent three years developing international AML/CFT policy and assessing countries against these international standards.
Prior to his role at FATF, Tim was the Director of the Financial Crime Section in the Australian Attorney-General’s Department, with responsibility for Australia’s national policies to combat money laundering and foreign bribery.
He has represented Australia and the FATF at various international meetings including at the United Nations, the 2014 G20 anti-corruption working group, the Basel Committee on Money Laundering, and the OECD Working Group on Bribery. Tim has undertaken FATF and OECD country evaluations and both led and managed FATF initiatives to help countries combat the misuse of companies and trusts (beneficial ownership guidance) and to use AML measures to combat corruption (anti-corruption guidance).
Tim has also previously worked for AUSTRAC, Australia’s financial intelligence unit and regulator, in policy and compliance. Tim is a qualified lawyer with a Master of Laws (Criminal Justice and Criminology), and is a Certified Anti-Money Laundering Specialist (CAMS).
Fuimaono Tuiasau has stepped aside as an elected Director of TINZ to a specialist role in Open Government Partnership and Pasifika. His work in the Pacific, involvement with the National Action Plan Stakeholder Advisory Committee and work with South Auckland youth is recognised. He will remain involved in these activities and issues of transparency.
John Shewan provided some valuable insights at the TINZ AGM about government process, the media and the subject matter of his inquiry triggered by the issue of unregistered foreign trusts with overseas beneficial owners and settlors.
A key achievement of the Shewan Inquiry is that out of 20 recommendations made in the published report, 19 were adopted. A further feature of the report is that it provided a clear way forward for the adopted recommendations to be implemented. View the Shewan report: Government Inquiry into Foreign Trust Disclosure Rules.
Timing is everything
Importantly, Shewan focused on the immediate purpose of inquiry, thereby not letting a wider range of issues undermine his ability to deliver his report in good time
He did not agree that the scope was too narrow. In other ways, Shewan found the TINZ submission very helpful.
Carrying out the inquiry was quite a lonely experience as the non-partisan convention around independent inquiries meant that it had to be his opinion based on the evidence. This made it difficult to test the evidence against the opinions of others.
Shewan's objective was to set reasonable expectations very early, so wider media commentary was not able to gather momentum around topics outside the scope.
Another reason for managing expectations is Shewan's concern that wider media coverage ran the very high risk of damaging New Zealand’s reputation overseas.
Speaking of the media, Shewan gave Nicki Hager and the RNZ/TVNZ support team, the only people in NZ who actually had access to the Panama Papers, credit for their objective appraisal.
Turning to the content of the report, Shewan noted that higher disclosure requirement under Anti-money Lanundering Phase 2 is very important and he is pleased that this is being progressed so quickly by government officials. Accountants and lawyers needed to be included in the scope of the AML rules.
Public or private trust register?
Shewan recommended that the register be kept non-public but accessible through correct channels
He noted that there was no political intervention or pressure at all during the inquiryconcerning the conclusions or recommendations.
Shewan thinks that the government could be less siloed and he recommended that we bend the ears of politicians re proper information sharing – this is happening but too slowly. It was very valuable to have government officials willing to work together to provide evidence for his inquiry.
He was frustrated by some media inaccuracy and then the unwillingness to retract wrong information. He found that there were low standards when it came to the accuracy of financial and business reporting in New Zealand compared to most developed countries.
Shewan's evidence led him to conclude that automatic sharing of information on trust as happens with Australia is not needed accross the board and there is a risk that some offshore governments could misuse it.
He found that IRD showed themselves very competent and sophisticated in their response and management. The inquiry benefited from the contributions of other government officials joining with IRD to provide evidence and analysis.
New Director, Tim Goodrick, TINZ member Mark Bennett and Director, Dr Bryce Edwards
TINZ Member asks John Shewan a question
TINZ member Matthew Underwood behind him is long-term TINZ member and supporter, Bernie Harris.
Photos courtesy Eva Kaprinay