fincen, fintrac, austrac, ?

jamesbogosian

New Member
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

Building Trust
Entrepreneur
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

New Member
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
 
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