Anti-money laundering rules bogging businesses down
OPINION: Snowball Effect founder on why NZ's restrictive anti-money laundering rules are not working.
Josh Daniell Fri, 18 Dec 2015
Anti-money laundering (AML) regulations descended upon New Zealand financial institutions in 2013. They’ve imposed high costs for organisations. The second biggest time cost for our business is in implementing and managing AML obligations. And it’s been painful for our customers. Any transaction