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flag New Zealand proposes reforms to anti-money laundering laws to reduce business costs and clarify regulations.

flag New Zealand's Parliament introduced an amendment bill on February 13 aimed at improving the anti-money laundering and terrorism financing laws. flag The bill seeks to reduce business compliance costs and clarify existing regulations through 26 amendments. flag Key changes include easing customer due diligence for low-risk trusts and simplifying border cash reporting requirements. flag The reforms are part of a wider effort to enhance the regulatory framework and support economic growth.

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