Labour’s dodgy Art deals and the Anti-Money Laundering and Countering Financing of Terrorism Amendment Bill

This bill will amend the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 so that the core obligations will also apply to real estate agents, lawyers, accountants, conveyancers, the New Zealand Racing Board, and some high-value dealers, and also establishes the Department of Internal Affairs as the relevant anti-money laundering and countering financing of terrorism supervisor for these entities.

High Value Dealers you say?  

That would definitely include high value art dealers and art auctioneers.

Do we have another repeat of Labour’s usual penchant for trying to sneak more money in without letting the law get in the way?

 

 


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