Articles tagged with Aml
New Zealand Simplifies AML Rules to Ease Financial Transactions and Cut Red Tape
1 day ago | 41 viewsNew Zealand's Parliament has passed the first of several Anti-Money Laundering (AML) regulatory reforms aimed at simplifying financial transactions by reducing red tape. The Statutes Amendment Bill introduces key changes, including eliminating the need to verify a customer's address for standard due diligence, easing processes like opening basic bank accounts. Associate Justice Minister Nicole McKee emphasizes that these reforms will create a more risk-based, efficient AML system that reduces unnecessary paperwork while better targeting real crime.
Tags: Nicole McKee AML Statutes Amendment Bill New Zealand Associate Justice Minister customer verification financial transactions ParliamentGovernment Approves Auckland Council's Streamlined Planning Process for Housing Plan Change 120, Empowering Locals for Future Growth
3 weeks ago | 193 viewsThe Government has confirmed the Streamlined Planning Process for Auckland Council's new housing plan, Plan Change 120 (PC120), as requested by the Council. This process allows for the withdrawal of the controversial Plan Change 78 (PC78) and aims to deliver the same housing capacity while enabling greater building heights and density around key stations. The 20-month PC120 process includes public submissions, hearings overseen by a panel, and a focus on ensuring local voices are central to decisions on Auckland's growth.
Tags: Government Streamlined Planning Process Auckland Council Plan Change 120 RMA Reform Chris Bishop Medium Density Residential Standards City Rail Link New Zealand Gazette National Policy Statement