Special attention to politically exposed persons (PEPs) in anti-money laundering regimes is important because political corruption can affect a country’s economic performance by diverting public funds away from essential services including education, health, housing and law enforcement.
Find out MoreVirtual assets have created new avenues to commit crimes and new secure payment methods for criminals. Applying AML/CFT regulations to digital currency transactions can help fight cybercrime.
Find out MoreThe Centre for Data Ethics and Innovation (CDEI) has been established to navigate the complex intersection of information, fairness and technological progress.
Find out MoreRecent cases in New Zealand and Australia highlight gaps in AML reporting systems in the casino sector.. Anti-money laundering prosecutions and settlements are making an impact, however more can be done including civil penalties or criminal liabilities for individuals in senior management roles, lower cash thresholds, and mandatory cashless poker machines.
Find out MoreStarting 1 January the U.S. is collecting corporate beneficial ownership information. This is a positive step that hopefully won’t drive corrupt money into New Zealand’s financial systems.
Find out MoreThe recent sentencing of the Lidong Foreign Exchange owner demonstrates why a strong anti money laundering regime is an important tool in fighting organised crime and the need for better regulation of money exchange businesses.
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