16+ Anti Money Laundering Nz Real Estate

16+ Anti Money Laundering Nz Real Estate. From 1 january 2019 real estate agents will passport, nz firearms licence or nz driver licence with another document such as a bank your real estate agent will assist you with the specific requirements in relation to your situation. Real estate agencies must look out for signs of money laundering.

New Zealand Anti Money Laundering Aaron Lloyd
New Zealand Anti Money Laundering Aaron Lloyd from image.slidesharecdn.com
New zealand has an advanced, highly globalized economy and relies on a wide range of international trading partners in australia, east asia, north america, and the european union. Every real estate professional should be aware of certain identified warning signs of money laundering activity in connection with real estate. The industry is well aware that real estate is a target for money launderers and would support any move that protects the country and its reputation, she says.

Construction and real estate bdo new zealand's specialist business advisory service will help you money laundering affects everyone, everywhere.

Then on 1 july 2018, it applied to solicitors and from 1 october 2018 accountants. If you are thinking of buying or selling real estate in new zealand and are wondering how the aml legislation will apply to you. Money laundering makes it harder for authorities to find out where 'dirty' money comes from, stop money laundering often involves complex series of transactions. Political infighting in washington has choked efforts to reveal kleptocrats and terrorists using u.s.


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