NEW ZEALAND PACIFIC MONEY LAUNDERING ORGANISED CRIME RISK
May 1st, 2006
BY SYMON ROSS, in Auckland
INTERNATIONAL law enforcement agencies acknowledge that the laundering of criminal proceeds generated by transnational crime remains a problem in the Pacific region despite increased legislation designed to curb the cleaning of dirty money.
With no Pacific countries now on the Financial Action Task Force (FATF) blacklist of uncooperative territories, international monitors could be forgiven for focusing their attentions elsewhere. Yet concern has been voiced by Australia's anti-money laundering regulator AUSTRAC and the US State ...
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