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New Zealand proposes reforms to anti-money laundering laws to reduce business costs and clarify regulations.
New Zealand's Parliament introduced an amendment bill on February 13 aimed at improving the anti-money laundering and terrorism financing laws.
The bill seeks to reduce business compliance costs and clarify existing regulations through 26 amendments.
Key changes include easing customer due diligence for low-risk trusts and simplifying border cash reporting requirements.
The reforms are part of a wider effort to enhance the regulatory framework and support economic growth.
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Nueva Zelandia propone reformas de las leyes contra el blanqueo de dinero a fin de reducir los costos empresariales y aclarar las reglamentaciones.