Tales of Insanity from NZs Anti-Money Laundering Legislation. II.

Imagine if someone, lets call them a moron, created and then forcibly imposed on business and individuals in their private lives a system as wasteful, costly, and Stalin-esque as this: they determined that all money coming into the banking system had to be audited and its owners interrogated as to the origin of that money … More Tales of Insanity from NZs Anti-Money Laundering Legislation. II.

Tales of Insanity from NZs Anti-Money Laundering Legislation. I.

This is the start of an occasional series evidencing the intrusive and wasteful insanity of New Zealand’s anti-money laundering legislation. The quick context of the below copy and paste is it was a reply to a comment from an ATAINZ member about his problems now trying to request client bank statements from their bank. Mark … More Tales of Insanity from NZs Anti-Money Laundering Legislation. I.