News

The Government is proposing to make changes to how financial advice is regulated in New Zealand. The aim is to improve access to high-quality financial advice for all New Zealanders.

If you’re a business or individual offering financial advice and investment planning services, these changes affect you.  

Recently AML Partners sort guidance from the Department of Internal Affairs with regard to the requirements for prescribed transaction reporting for reporting entities they supervise.  

The Department of Internal Affairs will be delaying the publication of the guideline ‘Real Estate Agents – Complying with the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act)’. This is in order to incorporate new regulations currently being consulted on and drafted by the Ministry of Justice.

The Department of Internal Affairs (DIA), an AML/CFT supervisor, is aware that law firms seek clarification how to meet their CDD obligations relating to their existing business relationships with registered banks. 

Proposed changes to Canada's anti-money laundering and terrorist financing law would bring Canada more in line with other western economies and address concerns raised by international financial regulators.

In the past week alone, cases of money laundering have hit headlines all around Europe. An investigation found that up to $30 billion of ex-Soviet and Russian money had potentially passed through the Estonian branch of Denmark’s largest bank, Danske Bank.

A banned Auckland finance director, convicted of laundering dirty money for a high-profile multi-national drug deal, has applied to have his bankruptcy notice set aside.

When a woman carried a supermarket shopping bag filled with cash into a bank, a teller's suspicions were raised.