How does New Zealand investigate money laundering crimes?

According to the police report, New Zealand's 654.38+0.23 RF has 65.438+0.35 billion New Zealand dollars "washed white" every year.

FIU said in a report that money launderers use dazzling transactions to transfer funds and help criminal organizations to launder money. The latter obtains huge amounts of money through drug trafficking, fraud and other acts, and the actual amount of money laundering may be several times the amount recognized.

Andrew Hill, manager of the financial intelligence unit, said that the report highlighted the potential damage of money laundering and terrorist financing to New Zealand's economy and reputation. "Even in a safe country like ours, money laundering and terrorist financing will make organized crime develop." He said.

According to the estimation of the International Monetary Fund, about 2 trillion dollars (about 2.7 trillion New Zealand dollars) of global GDP comes from the proceeds of crime. According to the report, at present, the channel that New Zealand provides opportunities for money launderers is cash-intensive transactions, which can be used to transfer a large amount of funds and then operate internationally.

Suzanne Snively, head of Transparency International, an international anti-corruption agency, said that New Zealand should strengthen the transparency of companies and foundations to prevent them from being used by money laundering organizations.

"We know that many trust companies in New Zealand are used as money laundering tools by criminals and corrupt elements abroad, including terrorists." She said, "According to the current laws in New Zealand, the opacity of ownership encourages these activities and hinders our ability to stop them."

Suzanne Snively, Head of Transparency International New Zealand

In fact, there are loopholes in New Zealand's legislation. According to the Anti-Money Laundering and Combating Terrorist Financing Law (Anti-Money Laundering Law) passed four years ago, at the beginning of its design, it was limited to cooperation between banks and financial institutions to combat international tax avoidance. In July this year, the coverage of the bill will be extended to accountants, real estate agents, lawyers and other specific groups to ensure the laundering of illegal funds through real estate transactions. This new regulation will affect 6,543,800+300,000 lawyers nationwide, requiring them to report any suspicious transaction activities in their work to the authorities.

According to the new bill, if regulated enterprises receive cash payment of NZD 6.5438+NZD 500,000 or more, they should conduct more due diligence on customers.

It is estimated that if the new bill comes into effect, it will crack down on fraud and drug crimes of over NZD 654,380.7 billion in the next 10 year. From a broader perspective, it will prevent crimes exceeding NZ $5 billion and reduce the social damage caused by illegal drug trade of about NZ $800 million.

Last September, Ping An Finance, a China financial company engaged in foreign exchange business in Auckland, was fined NZ $5.29 million by the Auckland High Court for "failing to record or verify the identity of customers". The company was accused of not reporting suspicious transfers when it handled transfers exceeding NZD $150,000 in 20 14. An investigation by the Ministry of the Interior found that 173 of these transfers were "suspicious".

Suspicious signs of these transfers include: unnecessary use of multiple transfers to pay or accept the funds of a single customer in a single day or in a short time, the existence of very large transfers and huge cash deposits.