Anti Money Laundering
The Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2017 (AML/CFT Act) – Whats required? It has been reported by the Justice Department that every year around $1.35 billion of proceeds from fraud and illegal drugs are laundered through New Zealand businesses. Criminals launder money through businesses to avoid detection. Those who finance terrorism to support violent causes also use this method to disguise who is providing and receiving the money. T