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NZ extends anti-money laundering rules to capture property agents

HOT SPOT: Soaring property prices have become a heated issue among the New Zealand public, and there are concerns that laundered money has fuelled the boom.


NEW Zealand will extend its anti-money laundering laws to cover real estate agents and other professions amid fears that the country has become a soft target for illegal fund flows that have also helped inflate the property market.

Soaring property prices have become a hot