- The New Zealand Bankers’ Association says it’d like to see the Ministry of Justice, alongside the three anti-money laundering law enforcers, run a public awareness campaign to boost understanding of how anti-money laundering laws affect bank customers and the public in general.
- Banker’s Association chief executive Kirk Hope said easing the restrictions would not be the end of the world and suggested loosening them from 10 percent to perhaps 15 percent might help flagging economic growth.
- Bankers’ Association chief executive Kirk Hope said banks always recommended people protected themselves from online fraud by keeping their operating systems and security software up-to-date.
- Bankers’ Association chief executive Kirk Hope said the banking sector understood that up to 30 per cent of sum-insured homes might be under-insured.
- “We think the later the date the better. This will give the banking industry more time to adapt and draw on experience gained through FATCA,” says Hope.
- New Zealand Bankers Association chief executive Kirk Hope said banks would consider a borrower’s servicing ability before agreeing to lend on a second home or offering bridging finance.
