FATF: NEW ZEALAND AML/CFT EVALUATION FOLLOW-UP REPORT

On 31 May, FATF published the follow-up report, following the 2021 mutual evaluation report.  FATF has now re-rated the country on Recommendation 25 (Transparency and beneficial ownership of legal arrangements), from partially compliant to largely compliant.  It says that New Zealand is now compliant on 8 FATF Recommendations and largely compliant on 21.  The country remains partially compliant on 11 Recommendations.  New Zealand will remain in enhanced follow up and will continue to inform the FATF of progress achieved on improving the implementation of its AML/CFT measures.

https://www.fatf-gafi.org/media/fatf/documents/reports/fur/Follow-Up-Report-New-Zealand-2022.pdf

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at

https://www.buymeacoffee.com/KoIvM842y

NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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