Money Laundering in New Zealand and the Legislative Response PDF Download

Author: David Campbell
Publisher:
ISBN:
Category : Forfeiture
Languages : en
Pages : 124

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Book Description

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451830319
Category : Social Science
Languages : en
Pages : 16

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Book Description
This report evaluates the Observance of Standards and Codes on the Financial Action Task Force (FATF) Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) for New Zealand (NZ). The assessment reveals that since its last evaluation in 1998, NZ has made few changes to its AML regime, but has introduced new legislation and associated institutional measures to combat terrorist financing. The criminal justice legislative measures for combating money laundering and terrorist financing are generally sound, and in several areas, the effectiveness of those measures has improved over time.

Author: Alan L. Tyree
Publisher:
ISBN: 9781927183618
Category : Banking law
Languages : en
Pages : 520

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Book Description

Author: Martin Graeme Robinson
Publisher:
ISBN: 9780947514730
Category : Money laundering
Languages : en
Pages : 243

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Book Description
The Anti-Money Laundering Regime: A Practical Guide provides an objective, all-in-one resource explaining the key concepts of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. The recent amendments to the Act dramatically increase the scope of the compliance regime, and add to the existing obligations, creating the need for a concise, quick reference guide for all businesses caught as ¿reporting entities¿ and their advisors. The book details the risk-based approach taken by legislators and the supervisors, and explores the application of the Act, as well as the policies, procedures and controls needed to meet the money laundering and terrorist financing risks facing businesses. It explains the key obligation to undertake the appropriate level of customer due diligence in various contexts, and the complex reporting obligations contained in the Act.

Author: P. Tesiram
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description
The leak of the Panama Papers received worldwide media coverage. Media reports asserted that wealthy individuals were using New Zealand foreign trusts to hide money laundering and other illegal activities. This article examines the New Zealand Government's response to the Panama Papers. It includes background on the foreign trust regime and considers the proposed legislative response to deal with issues arising from an independent review of that regime. The implementation of the proposed legislative response in its current form will give rise to issues including increased compliance costs for trusts and their advisers, and concerns around confidentiality of information provided to New Zealand tax authorities. Those wishing to establish foreign trusts will need to consider whether the benefit of doing so outweighs such costs and risks. The autors conclude that the changes to the foreign trusts rules are simply part of the growing demand and momentum toward global transparency in fiscal affairs.

Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 850

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Book Description

Author: Wouter H. Muller
Publisher: John Wiley & Sons
ISBN: 9780470511084
Category : Business & Economics
Languages : en
Pages : 834

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Book Description
Anti-Money Laundering is the definitive reference on money laundering and practice. First an outline will be given of the general approach taken by supra-national organisations like the United Nations and the European Council. Next the approach taken by international organisations and initiatives on the basis of the supra-national initiatives will be outlined by senior members of those organisations. A number of countries will then describe their specific prevention legislation. Countries involved will all be member-countries of the FATF (Financial Action Task Force on Money Laundering). Finally there will be an overview to enable the reader to make a comparison between the most important topics of money laundering legislation and rules in the different countries.

Author: Arun Srivastava
Publisher: Bloomsbury Publishing
ISBN: 1526502321
Category : Law
Languages : en
Pages : 1663

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Book Description
Starting with an overview of the development of money laundering and the work of international organisations, International Guide to Money Laundering Law and Practice is a unique publication providing a detailed insight into the background of money laundering operations, clearly explaining the anti-money laundering laws and regulations in 35 key global financial centres throughout the world. In addition, there are four chapters considering money laundering law and practice in the UK with the emphasis on the legal and regulatory framework and include: a chapter on the accounting and auditing issues; and a chapter on confiscating the proceeds of crime written by Jonathan Fisher, QC, a leading barrister specialising in corporate and financial crime, proceeds of crime and tax cases. It also contains a chapter covering international responses and initiatives to money laundering. The fifth edition covers, amongst other things, the implementation of the Fifth EU Money Laundering Directive and the Criminal Finances Bill. Written by local experts and edited by a team from Baker McKenzie's Financial Services Group, International Guide to Money Laundering Law and Practice is the leading, authoritative text on this heavily regulated area of law. It is essential for all banking and finance practitioners involved in anti-money laundering, banks, compliance officers and regulators in order to keep abreast of the developments and compliant with the law and regulations internationally.

Author: Doron Goldbarsht
Publisher: Springer Nature
ISBN: 3031595475
Category :
Languages : en
Pages : 355

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Book Description

Author: Paul Allan Schott
Publisher: World Bank Publications
ISBN:
Category : Business & Economics
Languages : en
Pages : 296

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Book Description
Efforts to launder money and finance terrorism have been evolving rapidly in recent years in response to heightened countermeasures. The international community has witnessed the use of increasingly sophisticated methods to move illicit funds through financial systems across the globe and has acknowledged the need for improved multilateral cooperation to fight these criminal activities. The World Bank and International Monetary Fund have developed this guide to help countries understand the new international standards. It will hopefully serve as a comprehensive source of practical information for countries to fight money laundering and terrorist financing. It discusses the problems caused by these crimes, the specific actions countries need to take to address them, and the role international organizations, such as the Bank and the IMF, play in the process. This guide is a tool for countries to establish and improve their legal and institutional frameworks and their preventive measures according to international standards and best practices. -- From Foreword (p. ix).