The Financial Action Task Force peer review of New Zealand’s regulatory landscape for anti-money laundering and countering the financing of terrorism was just released. Gaps remain in New Zealand’s approach particularly with regards to persons of interest and tracking of beneficial ownership.
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The Department of Internal Affairs (DIA) announced a new criminal conviction under the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act.
This is a small positive outcome to an issue that is daunting to authorities around the world and within New Zealand.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