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New Zealand simplifies anti-money laundering laws to ease child bank account openings.
New Zealand is simplifying its anti-money laundering laws to make it easier for parents to open bank accounts for their children.
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.
This change aims to reduce bureaucratic hurdles while still maintaining security measures for low-risk accounts.
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Nueva Zelanda simplifica las leyes contra el lavado de dinero para facilitar la apertura de cuentas bancarias infantiles.