Articles tagged with Compliance
Boosting Trade: New Zealand and Malaysia Strengthen Halal Meat Partnership
2 weeks ago | 287 viewsNew Zealand and Malaysia aim to enhance trade in high-quality halal meat products, with Malaysia being a key market for New Zealand's premium halal meat exports. Malaysia is facilitating approvals for New Zealand halal meat premises to gain access to its market, potentially leading to significant growth in exports and benefiting Kiwi farmers and exporters. Both countries are collaborating to streamline export requirements for New Zealand halal meat, emphasizing the importance of compliance with halal standards and strengthening their relationship in halal processing and assurance systems.
Tags: New Zealand Malaysia Andrew Hoggard Dato’ Seri Dr. Ahmad Zahid bin Haji Hamidi Halal meat Trade Export Collaboration Market ComplianceNew Zealand to Reform AML/CFT Laws for Small Businesses: Minister McKee Announces Overhaul
2 weeks ago | 160 viewsAssociate Justice Minister Nicole McKee says that small businesses will benefit from upcoming reforms to New Zealand’s Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) laws, as the Government moves to make compliance more proportionate and practical for low-risk operators. Associate Justice Minister Nicole McKee has announced Cabinet’s approval to draft a new Anti-Money Laundering and Countering Financing of Terrorism (Omnibus) Amendment Bill to overhaul the existing system. Under current rules, even small businesses and professionals, such as real estate agents, face complex and time-consuming checks, often regardless of how much risk they face,” Mrs McKee says.
Tags: Nicole McKee Justice Minister small businesses reforms compliance customer due diligence real estate agents simplified checksRegulation Minister Applauds BusinessNZ's Support for Regulatory Standards Bill to Cut Red Tape and Boost Business Growth in New Zealand
3 weeks ago | 273 viewsRegulation Minister David Seymour is welcoming BusinessNZ’s strong support for the Regulatory Standards Bill as a means to deal with red tape and regulation. “After all the misinformed opposition we’ve heard, the people who get up in the morning to make an honest buck and deliver goods and services to New Zealanders want red tape and regulation dealt to and believe this Bill will help them do that. “Submitting on the Bill at select committee today, BusinessNZ said it was an important step towards improving the quality of regulation and reducing the compliance burden on businesses by putting more scrutiny on politicians when law is made.
Tags: Regulation Minister David Seymour BusinessNZ Regulatory Standards Bill red tape select committee politicians compliance burden academicsGovernment Reforms to AML/CFT Act Ease Property Transactions for Kiwi Families
3 weeks ago | 146 viewsAssociate Justice Minister Nicole McKee says the Government is continuing to cut through unnecessary bureaucracy with reforms to the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act, which will make life easier for hard-working Kiwi families managing property through family trusts. “For thousands of New Zealanders, setting up a family trust is part of securing their financial future, especially when it comes to their home. But under the current AML regime, selling a house held in a trust triggers a burdensome level of document verification and compliance checks that has little to do with actual risk,” Mrs McKee says.
Tags: Nicole McKee Justice Minister Family Trusts Real Estate Agents New Zealanders Financial Future Compliance Checks Property Management