Transparency International and Transparency International New Zealand continue to call for improved transparency in the ownership of trusts. Find out More
The recent ruling by the Court of Justice of the European Union that beneficial ownership registries may infringe on fundamental individual rights is a setback to beneficial ownership reporting advocates.Find out More
An OIA by TINZ reveals that there is very little data available about the activities of trusts in New Zealand. This limited data highlights the need for more information about these arrangements to increase protection against criminals using New Zealand’s opacity to launder money and hide corruptly gained assets.Find out More
International agreements make some people yawn and others yell, but in our field they are part and parcel of preventing corruption.Find out More
Transparency International New Zealand welcomes the Government’s intent to make it easier to see who owns and controls a company. We must apply the same standards to trusts.Find out More
Transparency International New Zealand welcomes the government’s intent to make it easier to see who owns and controls a company.Find out More
The Financial Action Task Force - the authoritative international policy-making body on money laundering - has recently proposed changes that would require countries to have beneficial ownership registries. Anti-corruption organisations have been vigorously advocating on the proposal.Find out More
The Pandora papers data leak brings renewed scrutiny to New Zealand’s role in the offshore industry exposed by an earlier leak, the Panama papers in 2016. Changes to the trust regime in 2017 appear to have reduced the use of New Zealand based offshore trusts for corrupt uses. The Financial Action Task Force and TINZ are calling for still more transparency.
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Public registers of beneficial ownership were unthinkable a decade ago, but impact to date makes a strong case for global adoption. Transparency International shows real evidence of how these registers advance anti-corruption.Find out More
TI Australia calls for beneficial ownership disclosure and strengthened AML/CTF legislation in order to prevent Australia continuing as a major destination of the world’s dirty money.Find out More
After years of powerful resistance, the Financial Action Task Force members are now finally open to suggestions on ways to revise the global standard on beneficial ownership transparency. Here are 5 key fixes from Transparency International.
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June Brain Food Webinar recap
The aspirational outcome for this webinar is that we can build a team to bring about changes to the law, policies and practice around beneficial ownership, to better protect New Zealand from potentially massive impacts of international grand corruption.Find out More
On 1 January, 2021 the US Congress passed the Anti-Money Laundering Act of 2020 (AMLA), the first major money laundering reform in 20 years. The Act creates a beneficial ownership registry and modernises whistleblower protections. Find out More