Lead article in Stuff Business Section

OPINION: Last week a series of arrests and property seizures across the Auckland region hit the headlines, the culmination of an extensive investigation by the New Zealand Police’s Financial Crime Group into money laundering and related crimes.

The issue runs far deeper in Aotearoa than many Kiwis realise, and our celebrated ease of doing business makes us an easy target.

Money laundering is the process of making money earned from criminal activities such as fraud, illegal drugs and tax evasion appear to have come from legitimate sources. Most criminal transactions are handled in cash due to its untraceable nature, but as the ill-gotten gains begin to pile up, it can become a liability to those who are accumulating it…

See the full article at Stuff