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Submissions to Ministry of Justice review divided on whether NZ's anti-money laundering oversight, with 3 supervisors, should be retained or changed

Public Policy / news
Submissions to Ministry of Justice review divided on whether NZ's anti-money laundering oversight, with 3 supervisors, should be retained or changed
31st Mar 22, 7:47am by Gareth Vaughan
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3 Comments

by  jim hansford  |  31st Mar 22, 10:58am 1648677507

Hey does anyone know that banks no longer have to payout cash, any more than a daily limit at an ATM of 2000 NZD I Just tried to get some from BNZ and they said they no longer deal in cash. 

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by  Colin Nemo  |  31st Mar 22, 11:17am 1648678639

All in the name of AML/CTF in spite of cash being legal tender. An alternative would be withdrawing the total sum in smaller allotments at the ATM. 

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by  jim hansford  |  31st Mar 22, 12:04pm 1648681442

So how is this gonna work if we get an earthquake,  tsunami, fire etc that takes out local infrastructure. How are the local people going to transact

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