Compliance with anti-money laundering law to be simplified
Government serious about targeting criminals, not clogging businesses up with red tape, says Nicole McKee.
The Government is removing red tape while getting tougher on money laundering.
The coalition Government is amending the Anti-Money Laundering and Countering Financing of Terrorism Act to reduce costs business.
Associate Justice Minister Nicole McKee said small businesses would benefit from the changes as compliance with the law would be made more proportionate and practical
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