New Zealand's Financial Transactions Reporting Act

The Financial Transactions Reporting Act is New Zealand’s primary law for attacking money laundering and the use of proceeds from criminal activities.

The following questions have been addressed in this article:

What type of businesses is included within the Financial Transactions Reporting Act?
What does the law require from the financial institutions?
Have there been any changes to the law and what are the foreseeable problems wýth the changes?
Are any other improvements to the Financial Transactions Reporting Act being considered?

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