by Munro Benge | Sep 7, 2018 | Anti-Money Laundering
If you’ve seen the film The Wolf of Wall Street, you’ll be familiar with the concept of money laundering – an illegal process where ‘dirty money’ received from criminal activities is passed through legitimate businesses and made ‘clean.’ In response to a growing...
by Munro Benge | Sep 7, 2018 | Anti-Money Laundering
If you have recently tried to start a new investment or open a bank account, you would have been required to prove your identity, location of residence, and proof of your source of funds. These requirements are all part of the Anti-Money Laundering and Countering...
by Munro Benge | Apr 12, 2018 | Anti-Money Laundering, Newsletters
New legislation puts laundering in the spotlight While New Zealand is hardly the money laundering capital of the world, we still see our share of shady activity. Every year, around $1.35 billion of fraud- and drug-related money is laundered through legitimate New...
by Munro Benge | Jan 31, 2018 | Anti-Money Laundering
Money laundering is big business in New Zealand. Every year $1.35 billion of fraud- and drug -related money is laundered through seemingly legitimate businesses. In response, the Government introduced specific Anti-Money Laundering and Countering Financing of...
