New Zealand tightens trust laws.
Global Banking News-July 13, 2016--New Zealand tightens trust laws
(C)2016 ENPublishing - http://www.enpublishing.co.uk
Global Banking News - 13 July 2016
The government of New Zealand has said that it has tightened trust laws following the Panama Papers disclosure.
Rules surrounding foreign trusts are to be tightened, the government said on Wednesday. Officials said the changes would improve disclosure and registration of foreign trusts. This in turn would improve anti-money laundering rules, they said.
In the Panama Papers, New Zealand was referenced more than 60,000 times.
[Editorial queries for this story should be sent to firstname.lastname@example.org]
((Distributed via M2 Communications - http://www.m2.com))
|Printer friendly Cite/link Email Feedback|
|Publication:||Global Banking News (GBN)|
|Date:||Jul 13, 2016|
|Previous Article:||Credit Agricole executive to become France's next bank lobby chief.|
|Next Article:||Italian PM calls on banks to lend more to small businesses.|