NEW ZEALAND NEEDS TO MAKE AML/CFT BO IMPROVEMENTS SAYS FATF
April 1st, 2021
NEW Zealand should improve its collection of beneficial ownership information to strengthen its AML/CFT regime, the latest mutual evaluation report (MER) on the country from FATF has concluded.
While the report was generally positive, with FATF stressing that “New Zealand has achieved notable results tackling money laundering, particularly in recovering the proceeds of crime,” the global body highlighted some necessary AML/CFT improvements.
As for BO issues, FATF said NZ needed to tighten its rules on filing information about the ownership of shell ...
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