New anti-money laundering legislation - to be enacted in New Zealand

The Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act 2009 will come into effect in New Zealand on 30 June 2013.

The new legislation is designed to enhance New Zealand's international reputation and contribute to confidence in its financial system. It will apply to businesses (referred to as "reporting entities") who will be required to produce and implement a written Risk Assessment and Compliance Programme by 30 June 2013 ... READ MORE

Released by Pearse Trust - 25 March 2013