Law & Regulation

AML requirements eased during lockdown

Victoria Young
Fri, 27 Mar 2020

The regulators for the country's anti-money laundering regime have said physical checks under AML legislation can be scrapped while the country is in lockdown. Anti-money laundering rules introduced in recent years mandated more stringent checks for real estate agents, lawyers, accountants, banks and financial services firms to know their customers better. In many circumstances, that meant face-to-face verification for customers, for example where a lawyer checks a client’s passport before undertaking a transaction. However, the...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Policy
ELECTION 2020: Scared or excited about a Labour-Green govt?
Paul McBeth | Thu, 24 Sep 2020

Finance professionals have grown comfortable with Grant Robertson over the past three years. Will a new governing arrangement change that?

Law & Regulation
The FMA is running out of patience
Dan Brunskill | Thu, 24 Sep 2020

Financial services firms that keep failing compliance tests can expect to end up in court, says the FMA boss, Rob Everett.

Law & Regulation
Misconduct complaint upheld against quake claims lawyer
Victoria Young | Thu, 24 Sep 2020

However, Grant Shand says it's a win. 

Partner Content
The whole story behind good investment decisions

If there was ever a time when strong financial metrics were the single trademark of a good company, that time has long passed. Responsible investors need to know beyond the profit a company will generate this year or next.

Sponsored
Canon Business: Premium solutions for Commercial Bay

Precinct Properties is the largest owner and developer of premium inner-city business space in Auckland and Wellington, its latest flagship success is the transformational Commercial Bay on Auckland's waterfront. Canon knew that for such a high-calibre client, only a premium bespoke purpose-built solution would suffice when it came to providing market-leading print, mail and courier services to over 10,000 tenants in the development.