The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (the Act) outlines specific obligations for reporting entities to improve transparency in wire transfers. According to the National Risk Assessment, wire transfers pose a high risk for money laundering in New Zealand, aligning with global trends.
This guidance covers:
- What is a wire transfer?
- Who are the parties involved in a wire transfer?
- What responsibilities apply to reporting entities acting as Ordering, Intermediary, or Beneficiary Institutions?
Wire Transfer Guidance for New Regulations In addition to the existing guidelines, new regulations effective from 1 June 2024 have been introduced. This guidance, developed by the Financial Markets Authority, in collaboration with the Reserve Bank of New Zealand and the Department of Internal Affairs, provides updates for compliance with the latest regulations.
Read the Guidance for the new regulations relating to wire transfers below:
By FCCT Editorial Team freeslots dinogame telegram营销
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}