New Zealand Continues To Breach Civil Rights To Privacy Data Laws

Friday, 28 March 2025, 8:20 am | Asia Pacific AML

Government agencies are not authorised to access customer data that a business hascollected under the AML/CFT Act. Regardless, NZ government agencies are utilisingpowers that are not authorised and collating data against New Zealanders outside ...More >>

New Zealand Lacks Governance Framework To Combat Transnational Crime

Friday, 22 November 2024, 2:15 pm | Asia Pacific AML

This is 1 of 3 articles discussing New Zealand’s weaknesses in managing threatsarising from transnational crime.More >>

Is New Zealand Complacent To Political Corruption?

Monday, 14 October 2024, 4:26 pm | Asia Pacific AML

By New Zealand Parliament failing to adequately address political corruption, Parliamentfails to ensure a culture of integrity is led from the top. Human rights will alwaysbe better protected in countries that can demonstrate political integrity and transparency.More >>

NZ Has Never Exercised Governance Over Threats From Trans-National Criminals; Easy To Facilitate Trans-National Crime

Tuesday, 17 September 2024, 8:19 pm | Asia Pacific AML

If New Zealand’s government is serious about protecting its people, it needs tostart showing levels of governance that can stand up to international scrutiny.More >>

New Zealand’s History Reveals Wilful Blindness To Political Corruption And Organised Crime

Wednesday, 6 December 2023, 12:17 pm | Asia Pacific AML

Asia Pacific AML – Written By Kerry Grass* Since 2010, I Have Been Operating AsAn Anti-money Laundering Consultant. In This Role, I Enjoy Reporting On The PrinciplesOf Anti-corruption And Anti-bribery Laws. Being A Citizen Of New Zealand, I Follow ...More >>

DIA Warns Against Generic Risk Templates

Thursday, 27 October 2022, 6:20 pm | Asia Pacific AML

On 20 October 2022, the Department of Internal Affairs (an Anti-Money LaunderingSupervisor for lawyers, real estate agents and accountants) provided the followingwarning – "many reporting entities continue to adopt a generic template without ...More >>

Why Are Lawyers Captured Under Anti-Money Laundering Compliance Laws?

Tuesday, 18 October 2022, 11:46 am | Asia Pacific AML

The constructive process of the money laundering cycle is commonly referred to ashaving three stages known as (1) Placement, (2) Layering and (3) Integration. Placementrefers to the movement of the original dirty proceeds into the economic market. Layering, ...More >>

Anti-Money Laundering Risk Assessments – New Zealand

Monday, 17 October 2022, 11:10 am | Asia Pacific AML

The Cost of Non-Compliance The AML business risk assessment is considered to bethe core pillar of an AML/CFT Programme. If the AML risk assessment is ineffective,the entire AML/CFT compliance framework is compromised. Due to the importance of ...More >>

AML Transaction Monitoring Essentials

Tuesday, 11 October 2022, 6:16 pm | Asia Pacific AML

Anti-money laundering compliance requires the detection of unusual customer activity.This article discusses what this means in practice. Activity Analysis Without theability to detect when a client's activity is unusual or suspicious, a business will ...More >>

Measuring Money Laundering Risks Across A Business

Friday, 7 October 2022, 10:42 am | Asia Pacific AML

A written risk assessment is the starting point for development of a complianceframework designed to combat money laundering and financing of terrorism. The anti-moneylaundering (AML) business risk assessment seems to cause many businesses to operate ...More >>

New Zealand – A Country Complacent To Organised Crime

Thursday, 8 October 2020, 11:40 am | Asia Pacific AML

AsiaPacificAML – Kerry Grass, Founder, AML360 New Zealand has no Anti-CorruptionAgency An Anti-Corruption Agency has the remit to be - ‘ specialised in fightingpolitical corruption and engaging in general anti-corruption activities. ’ ( Wikipedia ...More >>

New Zealand Needs An Anti-Corruption Agency – URGENTLY

Friday, 2 October 2020, 1:50 pm | Asia Pacific AML

The recent fiasco of New Zealand’s Serious Fraud Office distributing a press releaselinked to a political party just 1-day before the election process commencing, isa political bias, claims the Deputy Prime Minister (see story below). The Deputy ...More >>

New Zealand – Land Of The Long Sweeping Carpet

Friday, 2 October 2020, 5:28 am | Asia Pacific AML

Is New Zealand witnessing a transparent political interference by an ‘independent’government department. Let’s talk about the Elephant in the room or at least theElephant squarely planted in New Zealand’s parliamentary election process. On 17 ...More >>

Judith Collins – A ‘Politically Exposed Person’

Tuesday, 11 August 2020, 1:08 pm | Asia Pacific AML

Under New Zealand’s Anti-Money Laundering and Countering Financing of TerrorismAct 2009 (the Act), businesses must consider risk profiling of their customers andclients. The profiling is for the purpose of identifying those clients that present ...More >>

Supervising anti-money laundering compliance laws

Monday, 20 April 2020, 11:41 am | Asia Pacific AML

Under anti-money laundering compliance laws, governments across the globe supervisetheir financial services industries to ensure businesses uphold laws designed toobligate the identification and reporting of their clients’ suspicious transactions. ...More >>

Governments And Businesses Must Be Able To Continually Manage Financial Crime Risks

Friday, 20 March 2020, 6:50 pm | Asia Pacific AML

Published by: Asia-Pacific AML , Friday 20 March 2020 As financial institutionsstrain to operate under limited resources, a global crisis presents new opportunitiesfor criminals who seek to exploit weakened financial systems. Essential anti-money ...More >>

AML360 expands into RegTech outsourcing

Wednesday, 29 January 2020, 9:33 am | Asia Pacific AML

AML360, a RegTech start-up, is expanding its SE Asia presence, with third-party outsourcingbeing one of its key services.More >>

The Context Of Money Laundering Compliance Costs

Thursday, 7 November 2019, 3:39 pm | Asia Pacific AML

When a business is obligated by law to ensure they are operating to compliance regulations,it is important for those businesses to understand the context of each obligation.Without doing so business owners can resent the costs and seek short cut approaches ...More >>

Lawyers, Accountants, Estate Agents and Suspicious Activity

Thursday, 23 May 2019, 2:00 pm | Asia Pacific AML

Suspicious activity reports (SAR’s) are a key source of information which theNew Zealand Financial Intelligence Unit (FIU) use to enhance the detection of criminaloffences through a transaction, a service, or series of transactions and/or services. ...More >>

The Anti-Money Laundering Compliance Journey

Friday, 10 May 2019, 10:26 am | Asia Pacific AML

There is indication it has not been an easy journey to date for AML reporting entitiesin New Zealand, especially those included in the Phase 2 of the Anti-Money Launderingand Counter Terrorism Financing [AML/CFT] Act 2009. Their ability to appreciate, ...More >>

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