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唐朱昌
唐朱昌
教授,博士生导师。现任复旦大学中国反洗钱研究中心常务副主任,复旦...
严立新
严立新
复旦大学经济学院、金融研究院副教授,中国反洗钱研究中心执行主...
陈浩然
陈浩然
复旦大学法学院教授、博士生导师;复旦大学国际刑法研究中心主任。...
何 萍
何 萍
华东政法大学刑法学教授,复旦大学中国反洗钱研究中心特聘研究员,荷...
李小杰
李小杰
蚂蚁金服反洗钱总监,复旦大学中国反洗钱研究中心特聘研究员;澳大利...
周锦贤
周锦贤
周锦贤先生,香港人,广州暨南大学法律学士,复旦大学中国反洗钱研究中...
童文俊
童文俊
高级经济师,复旦大学金融学博士,复旦大学经济学博士后。现供职于中...
汤 俊
汤 俊
中南财经政法大学教授,计算机科学与技术专业工学博士,复旦大学理论...
李 刚
李 刚
生辰:1977.7.26 籍贯:辽宁抚顺 民族:汉 党派:九三学社 职称:教授 研究...
祝亚雄
祝亚雄
祝亚雄,1974年生,浙江衢州人。浙江师范大学经济与管理学院副教授,博...
高增安
高增安
复旦大学中国反洗钱研究中心特聘研究员,专事反洗钱与贸易领域的研...
顾卿华
顾卿华
复旦大学中国反洗钱研究中心特聘研究员;现任快钱支付清算信息有限...
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上传时间: 2018-10-10      浏览次数:404次
Money laundering laws expanding to real estate sector

https://www.radionz.co.nz/news/business/363949/money-laundering-laws-expanding-to-real-estate-sector

 

The sector comes under the scope of the legislation at the start of next year, which already applies to banks, finance companies, sharebrokers, and casinos.

 

An estimated $1.35 billion from criminal activities is laundered in this country each year, and property is seen as one of the prime means of hiding criminal proceeds.

 

The Real Estate Institute has created a cloud-based software for agents to report transactions and vet buyers, and its chief executive, Bindi Norwell, said the industry was taking its obligations seriously.

 

Bindi Norwell, CEO of REINZReal Estate Institute chief executive Bindi Norwell Photo: supplied

"Any industry that deals with money should be expected to comply with the law ... and we're really happy at how seriously real estate agencies are taking this on board."

 

The advisory firm helping the real estate industry, AML Solutions, said property was a favoured mechanism for laundering money.

 

"The real estate industry is open to a relatively high risk of laundering money," AML director Richard Manthell said.

 

He said it was no surprise that three cities with strong property markets - Sydney, Vancouver, and London - were also regarded as hotspots for money laundering.

 

Mr Manthell said the legal profession, which comes under the law at the start of July, has been dragging the chain in complying with the new law.

 

He said part of that was the need to change internal systems to capture the necessary information, which many law firms were not up to speed on.

 

"And also a lot of the lawyers also questioned why they should be captured [by the law]."

 

Accountants will be required to report any suspicious transactions from October.

 

An Auckland based foreign currency firm, Ping An Finance, was convicted for failing to report more than 100 transactions and fined $5.3 million. The Crown is now seeking to shut down the company to recover the unpaid fine.