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flag New Zealand simplifies anti-money laundering laws to ease child bank account openings.

flag New Zealand is simplifying its anti-money laundering laws to make it easier for parents to open bank accounts for their children. flag The new rules will allow banks to use minimal documentation, such as a birth certificate, to confirm a child's identity and the parent's authority. flag This change aims to reduce bureaucratic hurdles while still maintaining security measures for low-risk accounts.

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