Articles tagged with Regulatory Reform
NZ Banks Gain Freedom to Share Fraud Data, Cutting Red Tape and Boosting Security
2 hours ago | 36 viewsAssociate Justice Minister Nicole McKee has introduced a ministerial exemption to the AML/CFT Act 2009, allowing banks to share anti-money laundering information to better prevent fraud and scams. This reduction in red tape enables banks to act faster and collaborate more effectively to freeze scam transfers before funds are lost overseas. The government aims to create more agile regulatory settings by freeing businesses from excessive compliance burdens while targeting actual financial criminals through wider AML/CFT reforms.
Tags: Nicole McKee Associate Justice Minister New Zealand fraud prevention scams banks regulatory reform financial crimeNew Regulations Speed Up Building Inspection Wait Times, Boosting Efficiency and Cutting Costs
3 months ago | 392 viewsNew regulations mandate Building Consent Authorities to complete 80% of building inspections within three working days of the date requested by the building owner, aiming to reduce delays and costs in construction projects. The Ministry of Business, Innovation and Employment will publish quarterly wait time data for every council to improve transparency and performance. Additional reforms include a self-certification scheme for reputable building companies and homeowners being able to build a granny flat without consent, all aimed at streamlining processes and holding accountable those responsible for substandard work.
Tags: Chris Penk Building and Construction Minister Building inspections Building Consent Authorities MBIE Wait times Building projects Regulatory reforms Building companies Councils