New Zealand Faces Scrutiny as FATF Publishes Mutual Evaluation Report

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The Financial Action Task Force (FATF) has released its long-awaited mutual evaluation report for New Zealand, assessing the country’s efforts to combat money laundering and terrorist financing.

A Comprehensive Review

The comprehensive review was conducted in 2020, and its publication marks a significant milestone for the Kiwi government. The FATF evaluated New Zealand’s measures to prevent the misuse of its financial system, assess the risks posed by money laundering and terrorist financing, and effectively implement international standards.

Key Findings

Preventing Money Laundering and Terrorist Financing

• The report assesses New Zealand’s measures to prevent the misuse of its financial system.
• It evaluates the country’s efforts to identify, assess, and mitigate the risks posed by money laundering and terrorist financing.

International Standards Implementation

• The FATF evaluated New Zealand’s ability to effectively implement international standards for combating money laundering and terrorist financing.
• The report provides recommendations for improvement and identifies areas where New Zealand needs to strengthen its measures.