One money laundering regulator and a levy to rule them all

One money laundering regulator and a levy to rule them all
Anti money laundering rules are set for a shakeup, starting with the move to a new regulator. (Image: Getty)
Dileepa Fonseka
John Anthony
The Government will introduce a single anti-money laundering regulator to replace three and wants to introduce a levy to fund it all.Some have praised the move, but others have raised questions about the levy and whether the Department of Internal Affairs (DIA) is well-suited to become the main supervisor of anti-money laundering rules.On Tuesday, Associate Justice Minister Nicole McKee said Cabinet had approved an anti-money laundering and countering financing of terrorism (AML/CFT) reform work programme that would change the supervisor struct...

More Finance

Port of Auckland to pay $45m special dividend to council
Finance

Port of Auckland to pay $45m special dividend to council

The divestment proceeds will be used to top up the Auckland Future Fund.

Oliver Lewis 27 Jun 2025
$600m in tourist spend at risk from regulation: Mastercard
Finance

$600m in tourist spend at risk from regulation: Mastercard

When Europe cut interchange fees, foreign card decline rates soared.

Pattrick Smellie 27 Jun 2025
Michael Lorimer exits Grant Samuel amid more sector change
Finance

Michael Lorimer exits Grant Samuel amid more sector change

Lorimer has sold his 80% stake in the corporate advisory firm.

Duncan Bridgeman 26 Jun 2025