Anti-Money Laundering and Countering Financing of Terrorism - Cabinet Paper 1 - June 2016 [pdf, 254 KB]
...undertaken work to assess the risk profile of the different Phase II sectors and have provided me with preliminary advice on scope and timing options. It has now become evident that this work needs to be progressed as a priority but cannot be adequately resourced within existing Ministry baselines. The proposal to seek additional funding in this paper has been held over pending the budget moratorium. COMMENT Current gaps in the AML/CFT regime pose material risk for New Zealand...