Draft Cost Benefit Analysis: AML Phase II [pdf, 296 KB]
...situation, New Zealand can be targeted by international criminal networks as a global weak link to inject the proceeds of crime into the international financial system. New Zealand has an anti-money laundering and countering financing of terrorism (AML/CFT) regime – but the regime is not appropriate to the level of risk. High risk sectors such as lawyers, real estate agents, accountants, and dealers in high value goods are not required to comply with the AML/CFT obligations. The s...