AML and compliance success
It was truly satisfying to read in the Dominion Post recently that the Police have apprehended a sophisticated drug dealing and money laundering operation with arrests made in Shannon and Palmerston North.
Clearly the Anti-Money Laundering and Financing of Terrorism Act compliance which we as a profession have had forced on us is really working and gaining some real traction in apprehending those responsible for money laundering. I was wondering if it was possible for the Police to identify which law firms’ AML documentation was instrumental in this apprehension of the money launderers so those responsible may in a small way be recognised for their excellent compliance efforts and so the rest of us can take heart that the cost to us as a profession is not all in vain.
Partner, Collins & May Law, Lower Hutt.
Last updated on the 29th November 2019