The Organised Crime and Anti-corruption Legislation Bill is part of the New Zealand Government’s All of Government Response programme to combat serious crime. The Bill, introduced to Parliament in June 2014, gives law enforcement agencies in New Zealand the power to deal with organised crime and corruption. The Law and Order Committee reported the Bill back to the Parliament on 4 May 2015 and it is currently awaiting Committee of the whole House stage.
Key new measures introduced by the Bill, relevantly include:
- requiring banks to report all international transfers of $1,000 or more and all physical cash transactions of $10,000 or more to the NZ Police Financial Intelligence Unit;
- redrafting the money laundering offence to specify that intent to conceal is not required;
- introducing new offences to address identity crime, including selling or passing on identity information;
- amending the Policing Act 2008 to expressly provide Police with a power to share information with its international counterparts;
- revising the foreign bribery offence, including clarifying the circumstances in which a corporation is liable for foreign bribery;
- increasing penalties for bribery and corruption in the private sector to bring them into line with public sector bribery offences.