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New Zealand tightens trust laws.

Global Banking News-July 13, 2016--New Zealand tightens trust laws

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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.

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Publication:Global Banking News (GBN)
Geographic Code:8NEWZ
Date:Jul 13, 2016
Words:110
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