19 April 2016

Banks need to comply with tighter laws on financial transactions, aimed at preventing terrorist financing and money laundering.

The Refugee Council says the law on money transfers is too sweeping and some refugees’ families in their home countries are suffering as a result.

Lawyer Deborah Manning, a member of the Refugee Council’s executive, said there were solutions.

”We need to sit down and talk with the relevant parties; government, banks, the communities to actually do better. It’s clear that the approach being taken is too broad brush, too wide a net, and we need to be looking at some way of doing - I don’t know if it’s case by case either for the remittances, or case by case for blocking the remittences, but certainly we need to do better on this.”
— Radio NZ, http://www.radionz.co.nz/news/national/301836/refugees-in-nz-struggling-to-send-money-home