Money Laundering in New Zealand

in Business Risk

Financial crimes experts in New Zealand estimate that the amount of money laundered each year within the country to be between $819 Million to $3.2 Billion (1 Billion New Zealand Dollars to 4 Billion New Zealand Dollars).

According to Transparency International, New Zealand is one of the least corrupt countries in the world.

Security officials estimate that about 1,000 shell companies in New Zealand are involved in money laundering activities.

(See more data about shell companies and money laundering here.)

Source:  Ben Chapman-Smith, “Dirty money laws ‘tricky’ for small players – lawyer,” New Zealand Herald, December 3, 2012.

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