7 August 2009

 

It's been a long time coming, but New Zealand's anti-money laundering and counter financing of terrorism legislation has finally been introduced.

 

Minter Ellison Rudd Watts partners Lloyd Kavanagh and Aaron Lloyd explain to NZLawyer Magazine (Issue 118) what it will mean for New Zealand.

 

The Bill marks a significant moment in New Zealand's global financial regulatory and enforcement compliance. Passage of the bill is seen to mark a clear and positive step toward New Zealand becoming more compliant with the important Financial Action Task Force guidelines and closer to risk avoidance of being blacklisted for non-compliance.

 

We invite you to read the article here or to contact one of our experts in our dedicated White Collar or Anti-Money Laundering practise areas for more information.