Region: New Zealand

Why is whistleblowing legislation so ineffective (and what can we do about it)?

Whistleblowing laws fall down because they don’t incentivise good corporate culture within organisations and put risk and cost on the employee, rather than the employer, say William Fotherby and Emma Barnes at MC in Auckland.

21 March 2022

Counsel Watch: Government agencies tap Accenture and Oliver Wyman

In the latest Counsel Watch, Accenture is advising the UK government on counter fraud measures related to the covid-19 pandemic and Bär & Karrer helped Dutch oil services company SBM Offshore reach a bribery investigation settlement in Switzerland.

30 November 2021

Westpac New Zealand needs “significant” compliance improvements

A report commissioned by New Zealand’s central bank has found that the local branch of major Australian lender Westpac has inadequate risk management and compliance systems.

26 November 2021

Counsel Watch: the lawyers on the Petrofac and NatWest guilty pleas

A veteran London barrister has acted in the convictions of two corporates in as many weeks, and Clifford Chance has helped resolve financial crime investigations on both sides of the Atlantic.

11 October 2021

New Zealand has "less tolerance" for failure to comply with anti-money laundering law

30 September 2021

New Zealand punishes Hong Kong bank for compliance failures

A high court judge said that comments by a senior CLSAP executive that the bank needed a “bendier” head of compliance suggested that its violations of the local anti-money laundering law were intentional.

14 September 2021

New Zealand court fines TSB over anti-money laundering breaches

31 August 2021

TSB agrees to pay $2.7m in New Zealand over anti-money laundering failures

22 July 2021

New Zealand central bank opens new enforcement department

13 April 2021

A view from the least corrupt country in the world: do we care too much about the perception of corruption?

Despite finishing top of Transparency International’s Corruption Perceptions Index, New Zealand’s anti-corruption laws are outdated, porous and rarely enforced, writes Meredith Connell’s William Fotherby and Stephen Rankin.

30 March 2020

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