Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

New Zealand to Extend AML Efforts

Jaclyn Jaeger | July 13, 2015

The New Zealand government has begun preliminary work to extend anti-money laundering compliance obligations on more professions and companies, including lawyers, accountants, and businesses that deal in high-value goods.

Amy AdamsThat revelation comes as the number of suspicious transactions reported to the country’s law enforcement agencies has increased threefold since 2013, when New Zealand introduced the Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT), which marked a “major overhaul of our regime,” said Justice Minister Amy Adams in a keynote address July 13 at the Asia Pacific Group on Money Laundering in Auckland.

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.