Anti-Money Laundering Articles

Anti money laundering news

13 October 2016

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.

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AML Phase II Detailed Submission

16 September 2016

Improving New Zealand’s ability to tackle money laundering and terrorist financing. Ministry of Justice Consultation Paper on Phase Two of the AML/CFT Act.

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Anti money laundering phase 2

12 September 2016

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Shewan Inquiry on foreign trusts

5 July 2016

The Government Inquiry into Foreign Trust Disclosure Rules conducted by John Shewan (the Inquiry) was released last week. Transparency International New Zealand (TINZ) is pleased with the widened scope and clear set of recommendations about what the Government needs to do to tighten up foreign trusts. The Inquiry contains considerable contextual information that should be read by officials, businesses and civil society organisations (see

The Panama Papers highlighted a range of fundamental transparency and risk areas,

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TINZ Submission Shewan Inquiry

20 May 2016

TINZ 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”.

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Building an anti-money laundering culture

26 April 2016

By Tim Goodrick, Senior Manager, Forensic, KPMG, TINZ Board Member with Delegated Authority for AML, OECD, UNCAC

The implementation of effective anti-money laundering and countering financing of terrorism (AML/CFT) controls are part of the requirements of the new organisations crime and anti-corruption legislation – 15 Acts that passed into law last November. Even once they are formally implemented,

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Panama cabals to Smurfing in NZ

25 April 2016

From Panama’s cabals at the canal to smurfing in NZ

By Ferdinand Balfoort, from Northumbria

Some of us may have encountered some odd groups of Smurfs walking by in Auckland lately. Those sufficiently alert among us may have also noted the bulging briefcases they carried. The long-term impact of their activities in our Land of the Long White Cloud may in future include us collectively paying our rent to,

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25 April 2016

New Zealand shell company involved in multimillion-dollar bribery operation

Shortly before news about the Panama Papers broke, a leak of Unaoil’s email cache revealed “that billions of dollars of government contracts were awarded as the direct result of bribes paid on behalf of firms including British icon Rolls-Royce, US giant Halliburton, Australia’s Leighton Holdings and Korean heavyweights Samsung and Hyundai.”

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TINZ Appears before the Law and Order Committee Regarding the Organised Crime and Anti-corruption Legislation Bill

11 March 2015

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Submissions for the Organized Crimes Bill

1 December 2014

Submissions on the Organised Crime and Anti-Corruption Legislation Bill are due by 5 February, 2015.

The Law and Order Select Committee has called for submissions on the Organised Crime and Anti-Corruption Legislation Bill. The last date for submission is 5 February, 2015. See “Business before the Law and Order Committee” on

The introduction of the Omnibus Bill should at last facilitate New Zealand’s ability to ratify the United Nations Convention Against Corruption.  

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