Your monthly round-up of AML/CFT updates and news from around the world, with a focus on regulatory updates and bettering your reporting entity's compliance.
Police arrested six people and seized millions in assets after early morning raids in Auckland last month. Seven high-end luxury vehicles, a boat and three motorbikes - with a combined value of more than $1.2 million - were seized by police alongside three properties, worth at least $3.3m, and about $250,000 in cash.
This year’s FIU (NZ Police) / ACAMS AML/CFT Conference ran from 9 - 11 November in Wellington. Themed as "Organised Crime - Money Feeds the Beast", the Conference focused on how money is the key motivator for a range of criminal offending.
To celebrate Privacy Week, the Office of the Privacy Commissioner, New Zealand has launched a new campaign to highlight the importance of protecting and respecting personal privacy alongside the new Privacy Act 2020.
If you collect personal information, you can learn what your obligations are and obtain more resources from the Privacy Commission.
109KG of Meth Seized
A man was sentenced to 14 years and seven months’ imprisonment for his role in trying to smuggle more than 109kgs of methamphetamine into New Zealand.
The seizure by NZ Customs prevented up to $135 million dollars of potential social harm to our communities.
Photo: Cash found in dishwasher during raid (Stuff)
NZ Police successfully seized over $5 million in controlled drugs last week - causing a certain significant disruption in the illicit drug market.
NZ Police carried out 23 search warrants across Auckland following an investigation by the Financial Crime Group into money laundering and related offending.
Nine individuals are facing money laundering and related charges and appeared in the Auckland District Court, with one of them also facing charges relating to the methamphetamine supply.
For more AML/CFT content and information, check out our AML/CFT Updates Page