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|WELLINGTON， March 13 (Xinhua) -- White collar professionals and gambling businesses are targeted in a new law tabled in the New Zealand Parliament Monday to crack down on money-laundering and terrorist financing.
The Anti-Money Laundering and Countering Financing of Terrorism Amendment Bill would bolster New Zealand's existing anti-money laundering laws to help protect businesses and make it harder for criminals to profit from and fund illegal activities， said Justice Minister Amy Adams.
The Bill was the second phase of the government's Anti-Money Laundering and Countering Financing of Terrorism Act (AMLCFT)， Adams said in a statement.
The amendment Bill extended the Act to lawyers， conveyancers， accountants， real estate agents， and sports and racing betting.
Businesses that dealt in certain high value goods， including motor vehicles， jewellery and art， would also have obligations under the Act when they accepted or made large cash transactions.
The Bill struck the right balance between combating crime， minimizing the cost of compliance and meeting international obligations， said Adams.
"It is estimated that the reforms in this Bill could disrupt up to 1.7 billion NZ dollars (1.18 billion U.S. dollars) in fraud and drug crime over the next 10 years. Estimates also suggest they may prevent up to 5 billion NZ dollars (3.47 billion U.S. dollars) in broader criminal activity and reduce about 800 million NZ dollars (555.68 million U.S. dollars) in social harm related to the illegal drug trade，" she said.
"Money laundering allows criminals to fund their lifestyle and it fuels re-investment in criminal ventures. Extending the law will improve our ability to prevent， detect and prosecute many types of criminal activity and help protect New Zealand's reputation as a good place to do business."
Businesses would have time to prepare for the changes and the government would provide guidance and information to help them understand， prepare for and comply with the law.
by Le Yanna Heren Nike Air Max 2018 Elite Zwart Wit Kopen , Bui Long
HANOI, Aug. 9 (Xinhua) -- China and ASEAN ministers' adoption of the framework for the Code of Conduct in the South China Sea (COC) is an indispensable and positive step, said Vietnamese scholars.
"We welcome the adoption of the COC framework, because it will meet aspiration of people from ASEAN countries and China Nike Air Max Flair Kopen ," Nguyen Thien Chi from Ho Chi Minh City's Vietnam-China Friendship Association told Xinhua on Tuesday.
The Association of Southeast Asian Nations (ASEAN) and China have come a long way to adopt the COC framework, said Chi.
They will have to do the same to ensure the COC will make contributions to strengthening friendship, mutual understanding and trust between the two sides, and to maintaining peace Nike Air Max 1 Master Kopen , security and stability in the South China Sea, he added.
Another Vietnamese scholar also highly appreciated the COC framework.
The adoption has shown that ASEAN and China are "really serious in working to stabilize the situation in the South China Sea," and eventually helping to maintain peace and stability in the sea, Tran Viet Thai Nike Air Max 96 Kopen , from the Diplomatic Academy of Vietnam, said on Monday.
Last year, ASEAN and China agreed on three issues, namely establishing hotlines between foreign ministries of ASEAN countries and China to deal with problems arising in the South China Sea Nike Air Max 97 Undefeated Kopen , applying a code for unplanned encounters at sea (CUES) among their navies, and completing the COC framework in mid-2017.
"Adopting the COC framework is the realization of one of the three pledges made by Chinese senior leaders with ASEAN. Such progress shows that China has seriously fulfilled their pledge," Thai stated.
Major-general Le Van Cuong, former director of the Vietnamese Institute of Strategic and Science Research Nike Air Max 98 Kopen , shared a similar view.
Regarding the adoption of the COC framework, "China's goodwill at this time should be acknowledged," Cuong stated.
ASEAN and China should strengthen exchanges and expedite pragmatic negotiations regarding the COC, he said.
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