While the second tranche of anti-money laundering (AML) regulations capturing real estate agents, accountants, lawyers, and other non-financial businesses have remained in limbo in Australia since we first agreed to implement them in 2003, and have since been delayed continuously by the Australian Government, New Zealand is implementing the rules. From Interest.co.nz:
The Government is trying to take the public with it as it rolls out the second phase of the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Act.
