The Reserve Bank of NZ negotiated an agreed settlement to the TSB Bank AML case, the first enforcement action by RBNZ. In New Zealand an Anti-Money Laundering Supervisor cannot impose its own penalty, it must approach the High Court
Supermarket duopoly - Commerce Commission study FINAL REPORT into grocery markets The final Supermarket Study report: Grocery competition “muted”, says CC – but so are the outcomes? The Commerce Commission’s final report into New Zealand’s Retail Grocery duopoly landed in
After a lengthy process spanning over two years, the showroom wraps were recently taken off a major international report evaluating New Zealand’s current Anti-Money Laundering (AML) system. * A version of this article was first published in The Capital Letter,
As 2020 slides mercifully into the rear-view mirror, this article glances back at some anti-corruption trends evident this year, and sneaks a look at likely developments to come (including better whistleblower protections) in 2021. Around the world, multiple nations have
Gary Hughes was interviewed by Nathan Lynch at Thomson Reuters about the Reserve Bank's investigation into TSB Bank. This article originally appeared on the Thomson Reuter's website here. To download a printable version of the article, click here. The content
Despite every crazy scenario 2020 has thrown up, NZ’s biggest AML and Financial Crime conference event powers ahead. The New Zealand Police Financial Intelligence Unit (FIU) together with ACAMS (Association of Certified Anti-Money Laundering Specialists) organises this major conference at
New Zealand finally has new upgraded privacy and data protection laws, in the shape of the Privacy Act 2020. This arrives at a time when local and overseas firms are experiencing more cybercrime attacks every day and the risks of
New Zealand finally has new upgraded privacy and data protection laws, in the shape of the Privacy Act 2020. This arrives at a time when local and overseas firms are experiencing more cybercrime attacks every day and the risks of
Next year will see an important statutory review of the Anti-Money Laundering & Countering Financing of Terrorism Act 2009 take place. It is crucial that issues like the most efficient form of regulatory framework should be on the table for
