fincen, fintrac, austrac, ?

[jamesbogosian]

if the u.s. has fincen, canada has fintrac, australia has austrac, what would new zealand, uk, and ireland have as an equivalent? would anyone happen to know? rsvp

 

[TacitusKilgore]

These pages should have some more info:
NZ: NZ Financial Intelligence Unit (FIU)
UK: Money laundering and illicit finance - National Crime Agency
Ireland: Garda National Economic Crime Bureau

This page has other countries as well: Exchange instruments list | AUSTRAC

 

[JohnLocke]

OP any reason for asking or your are just curious?

 

[jamesbogosian]

These pages should have some more info:
NZ: NZ Financial Intelligence Unit (FIU)
UK: Money laundering and illicit finance - National Crime Agency
Ireland: Garda National Economic Crime Bureau

This page has other countries as well: Exchange instruments list | AUSTRAC

are these 3 from new zealand, uk, and ireland the equivalent of fincen, fintrac, and austrac in your opinion? rsvp

 

[TacitusKilgore]

are these 3 from new zealand, uk, and ireland the equivalent of fincen, fintrac, and austrac in your opinion? rsvp

From having a brief look at their websites - in my opinion yes. They will basically try to monitor for suspicious transactions. I know that in Australia, AUSTRAC treats any transaction over $10,000 as suspicious. Banks must record certain information about parties in transactions above AUD 10K. And as far as I know, if required you must produce adequate documentation supporting that it's a legitimate and legal transaction. This is just in Australia but I'd say it's safe to assume that NZ, UK, and Ireland have that level of security. Especially the UK - England loves their needless red tape and bureaucracy.

 

[jamesbogosian]

From having a brief look at their websites - in my opinion yes. They will basically try to monitor for suspicious transactions. I know that in Australia, AUSTRAC treats any transaction over $10,000 as suspicious. Banks must record certain information about parties in transactions above AUD 10K. And as far as I know, if required you must produce adequate documentation supporting that it's a legitimate and legal transaction. This is just in Australia but I'd say it's safe to assume that NZ, UK, and Ireland have that level of security. Especially the UK - England loves their needless red tape and bureaucracy.

then its safe to assume that nz, uk, and ireland have the same thing but just with a different name then? all of these six english speaking countries have basically the same good money laundering laws i presume.......? rsvp

 

[TacitusKilgore]

Yep, definitely safe to assume they have strict money laundering laws.