Financial Crime World

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New Zealand’s Financial Crime Prevention Network: A Critical Partnership Against Organised Crime

A new Public Private Partnership (PPP) has been established to combat financial crime and protect New Zealand’s economy and people. The Financial Crime Prevention Network (FCPN), led by the New Zealand Financial Intelligence Unit (NZ FIU), brings together key stakeholders from the financial sector and law enforcement to share information and prevent organised crime.

The Growing Threat of Money Laundering and Transnational Organised Crime

Money is a key motivator for organised crime, and New Zealand is not immune from the impact of sophisticated money laundering networks and transnational crime occurring globally. These threats pose a significant risk to New Zealand’s international reputation and financial system.

The FCPN Partnership

The FCPN brings together key members including:

  • NZ Police
  • NZ Customs
  • ANZ
  • ASB
  • BNZ
  • Kiwibank
  • Westpac

to dissolve previous barriers and foster vital information sharing. The network meets monthly to discuss current financial crime trends, share operational priorities, and develop intelligence to inform guidance for both FCPN members and Reporting Entities (RE’s).

FCPN Threat Assessments

One of the key areas of focus for the FCPN is Transnational Organised Crime, which poses a significant threat to New Zealand’s economy and people. The network is working to develop strategies to combat this threat and protect the country from its impact.

The Benefits of the FCPN Partnership

The FCPN directly contributes to the New Zealand Police vision of being the safest country and the FIU’s goal of being world leading. The foundation members of the FCPN are committed to building an effective network of dedicated intelligence resources to combat financial crime and money laundering.

By working together, the FCPN aims to strengthen New Zealand’s resilience against financial crime and protect its economy and people from the threats posed by sophisticated money laundering networks and transnational organised crime.