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1. Central Standards Committee 3 v Bong [2023] NZLCDT 24 (8 June 2023) [pdf, 130 KB]

   ...owner of the business. 6 2. Mr Bong was away when the financing statement was revealed, immediately before the settlement. In this way he was deprived of the opportunity of reinvestigating the situation. We note that in the current AML7 environment, this could not as easily happen. [19] We find Mr Bong’s conduct to be unsatisfactory conduct, falling under s 12(a), namely, “…conduct that falls short of the standard of competence and diligence that a member of t...

2. Skipper v Gibson - Ngāti Tawhirikura Hapū Charitable Trust (2025) 498 Aotea MB 148 (498 AOT 148) [pdf, 415 KB]

   ...the trust (and its purpose and focus) may exist as long as the Ngāti Tāwhirikura hapū exist.29 [65] The nature and extent of control by those that hold the beneficial estate is something that is front and centre in the Anti-money laundering (AML) context. Guidelines have recently been produced to support reporting entities in meeting requirements and to understand their obligations to conduct due diligence on the beneficial owners of their customers per the AML legislation and r...

3. LCRO 227/2020 & LCRO 34/2021 PA v NL and UL (22 February 2022) [pdf, 209 KB]

   ...complaints.3 Briefly, her complaints are: Complaint 20775/6 • Mr UL misled the review officer in LCRO 02/2009. • “Being a party to a sale and purchase agreement when not legally named on the property title.” • “Flouting the AML laws.”4 • “Misleading the Real Estate Agents Authority.” • Giving false information to the liquidator of [123] Trustees Limited. • Witnessing the signature of “an unauthorised signatory for [123] Trustees Limited”. �€...

4. LCRO 87/2020 JJ v SS (15 April 2021) [pdf, 208 KB]

   ...Mr JJ had negotiated postponement of the liability to pay the body corporate levy in full on settlement. • Mr JJ and his staff “experienced significant difficulties and delays in obtaining the information required from Mr SS to fulfil … AML compliance obligations”. • The firm was “required to engage with the developer’s solicitors to address issues that had arisen as a result of the pre-settlement inspection”. • Extensions to the settlement and possession d...

5. Justice Matters - issue 01 - December 2015 [pdf, 2.8 MB]

   ...household offences. More information about the NZCASS survey and its findings can be found at justice.govt.nz/ crime-and-safety-survey New anti-money laundering policy The Ministry of Justice will start formulating new anti-money laundering (AML) policy early next year. During this phase two of the AML reforms, the ministry will solicit feedback from the public and private sectors. The reforms, along with the passing of the Organised Crime and Anti-corruption Legislation Bil...

6. Property sales and settlements guidance for lawyers during COVID-19

   ...Zealand), +64 7 974 5595 (international callers), email: customersupport@linz.govt.nz Department of Internal Affairs (DIA) - DIA is responsible for requirements of due diligence under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT). DIA website COVID-19 response level measures apply to all of us The purpose of the response to COVID-19 is to save lives. We all need to stick to the rules of physical distancing and only move around for the specific purposes...

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7. CAB An Anti-Corruption Work Programme for New Zealand [pdf, 188 KB]

   ...Fraud Office will engage with: 20.1 Auckland Council, Local Government New Zealand, Society for Local Government Managers on specific corruption risks in local government; and 4 20.2 groups such as Business NZ, Institute of Directors, the AML supervisor’s network and other relevant bodies to raise awareness of corruption risks in the private and not for profit sectors. 21 The operational work will also build off work being done in existing fora such as the Combined Law Age...

8. LCRO 82/2018 ZI v WS (30 May 2019) [pdf, 242 KB]

   ...$5,000 on 4 September 2017 “On account of costs”; and (c) $5,000 on 21 February 2019 “Cash payment, Further retainer for Barrister. The letter, dated 22 February 2019, refers to two invoices and is headed “Relationship Property & AML Verification”. It says the firm proposed to pay those from a “further $1,000 to be received from you”. The invoice is for a fee of $500 plus GST for “Relationship Property” and is also dated 22 February 2019. The narration to...

9. Justice Matters - Issue 12 - October 2018 [pdf, 2 MB]

   ...Anti-money laundering initiative recognised The Ministry has been honoured for implementing a new system to deter money laundering and counter financing of terrorism. The award for the new Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) regulatory system was presented at the 2018 Deloitte IPANZ Public Sector Excellence Awards. This was a shared win with other agencies: Internal Affairs, the Reserve Bank, Financial Markets Authority, Customs and Inland Revenue....

10. Justice Matters - issue 10 - March 2018 [pdf, 3.3 MB]

    ...a 10-year period, it’s estimated the new laws will disrupt $1.7 billion of illegal drugs and fraud crime and up to $5 billion in broader criminal activity. The Government passed the Anti-Money Laundering and Countering Financing of Terrorism (AML/ CFT) Act in 2009. It has been in force since 2013 and applies to banks, casinos and financial service providers. From 1 July 2018, it will be progressively extended to lawyers, conveyancers, new trusts and company service providers, accou...