A Bill to tackle money laundering and terrorist financing has been introduced to Parliament today by Justice Minister Amy Adams.
The Anti-Money Laundering and Countering Financing of Terrorism Amendment Bill will bolster New Zealand’s existing anti-money laundering laws, which help protect businesses and make it harder for criminals to profit from and fund illegal activities.
“This puts in place the second phase of the Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT), which we fast-tracked work on last year,” says Ms Adams.