MONEY LAUNDERERS IN NEW ZEALAND ASSOCIATES COOK ISLANDS AND NIUE FACING TOUGHER CONTROLS
April 1st, 2018
The South Pacific’s Cook Islands (population: 11,700) and Niue (population: 1,600), both largely autonomous jurisdictions in free association with New Zealand, have in the past been accused by international AML experts as being tax havens that facilitate money laundering. But reforms indicate that AML/CFT controls are tightening.
The Cooks Islands’ substantial offshore financial sector provides trustee and corporate services to offshore investors with a zero tax rate. It is currently undergoing an Asia/Pacific Group on Money Laundering (APG) MER evaluation, ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.