An Auckland contractor and public official have been jailed for corruption worth more than $1 million relating to roading contracts.
Parliament has passed a bill that strengthens the rules around foreign trusts. The changes were recommended by tax expert John Shewan, appointed by the government to review existing legislation following the release of the Panama Papers.
New Zealand can celebrate being pronounced the least corrupt country in the world. But that doesn’t mean we should be complacent – there are plenty of recent controversies that threaten the nation’s reputation for integrity.
New Zealand’s market regulatory, the Financial Markets Authority (FMA) looks to be toughening up on firms and reporting entities (REs) which are required to provide the regulator with independently produced AML/CFT audit reports.
The Financial Markets Authority has sent warning shots over the bows of twelve financial advisory firms for failing to provide anti-money laundering audits.
The World Economic Forum has released its 2017 “Inclusive Growth and Development Report” — a major look into how nations around the world can best ensure that their businesses and institutions function as efficiently as possible.
The New Zealand government rejected on Tuesday a proposal for industries to police new money-laundering rules themselves, and will instead leave one government department in charge of supervising thousands more businesses.
Dec 12 New Zealand’s central bank said on Monday it had issued a formal warning to Aotearoa Credit Union for failing to meet anti-money laundering rules between 2013 and 2015.
Campaigners have frequently branded the UK a world money-laundering hotspot, citing the 'terrifying' scale of illicit funds that make their way through the City of London. Is this fair? What is the UK Government doing to ...
Tom Devlin interviews Sam Thampapillai, associate in the financial services disputes and investigations group at Eversheds Sutherland. Sam has focused his recent work on developing technologies and financial crime. In this video he focuses on Blockchain, offering an ...
In late November, Jay Clayton was called by a longtime client seeking advice for how the Trump administration should tackle scaling back rules on Wall Street. Mr. Clayton, a partner at Sullivan & Cromwell LLP who ...
The old Ottoman Empire had the most direct way of going about these things. When the old sultan died, his successor would seize all his brothers and half-brothers, slit their throats and dump their corpses ...
European Supervisory Authorities warn on money laundering and terrorist financing risks affecting the EU financial sector
The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published today a joint Opinion addressed to the European Commission on the risks of money laundering (ML) and terrorist financing (TF) affecting the European ...
China has appointed Guo Shuqing as the new head of the banking regulator, according to people familiar with the matter. Having spent much of his life working on transforming the nation’s financial system, Guo, 60, faces daunting tasks ahead as he takes on oversight of the world’s largest banking industry by assets.
The regulations apply to all-cash buyers using shell companies in places like New York City, Miami and Los Angeles.
Just 215 wealthy people were granted an investor visa for the U.K. last year after the government doubled the investment needed to 2 million pounds ($2.5 million) and introduced new money-laundering checks in 2014.
Capital One Financial Corp. is under investigation for its anti-money-laundering program, according to the company’s annual securities filing.