Regulators meet to discuss AML rules during lockdown

Regulators meet to discuss AML rules during lockdown
Victoria Young
The major regulators for anti-money laundering are meeting today to work out if any rules can be relaxed while the country is in lockdown. The rules, which apply to banks, lawyers, real estate agents, casinos and finance companies, will be difficult to comply with as the country moves into lockdown as of midnight Wednesday. For example, property lawyers and banks are meant to see customers in person with photo ID as part of customer due diligence. BusinessDesk understands a meeting will take place this afternoon involving the Dep...

More Law & Regulation

‘Sock puppet’ insolvency practitioner before disciplinary tribunal
Law & Regulation

‘Sock puppet’ insolvency practitioner before disciplinary tribunal

The liquidator faced four charges including “misconduct in a professional capacity”.

Rod Drury calls for radical shakeup of energy industry
Law & Regulation

Rod Drury calls for radical shakeup of energy industry

No more energy gentailers would improve competitiveness, says Drury.

Ben Moore 08 Jul 2024
India denied 'basmati' trademark
Retail

India denied 'basmati' trademark

New Zealand's decision is similar to action previously taken by Australia.

Gregor Thompson 08 Jul 2024
Elite Fitness hit by cyber attack, customer data stolen
Law & Regulation

Elite Fitness hit by cyber attack, customer data stolen

Personal data from passports to credit cards stolen in Elite Fitness breach.

John Anthony 08 Jul 2024