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$70m forfeit: Wealthy businessman strikes record-breaking deal with police


$70m forfeit: Wealthy businessman strikes record-breaking deal with police
Wed, 16 Jun 2021, 10:58AM
Chinese-Canadian businessman Xiao Hua Gong has cut a record breaking deal with the New Zealand Police under the asset seizure laws. (Photo / Supplied)
$70m forfeit: Wealthy businessman strikes record-breaking deal with police
Wed, 16 Jun 2021, 10:58AM
Wealthy Canadian businessman Edward Gong has agreed to pay millions of dollars to the New Zealand government in the largest ever settlement made under the Criminal Proceeds (Recovery) Act since the law came into effect in 2009.
A wealthy Chinese-Canadian businessman has agreed to forfeit more than $70 million by cutting a record-breaking deal with the New Zealand police. ....

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'Impressive': Global watchdog rates NZ police efforts at seizing criminal wealth, advises software upgrade to identify money launderers


Impressive : Global watchdog rates NZ police efforts at seizing criminal wealth, advises software upgrade to identify money launderers
30 Apr, 2021 07:00 AM
7 minutes to read
Nearly $1m seized from a senior Head Hunter gang member involved in drug manufacture. The cash was hidden inside his bed. Photo / Supplied
Nearly $1m seized from a senior Head Hunter gang member involved in drug manufacture. The cash was hidden inside his bed. Photo / Supplied
An international evaluation of New Zealand s ability to prevent and investigate money laundering says company and trust structures are a major vulnerability, but ranks the police efforts to seize suspected criminal wealth as among the best in the world. ....

New Zealand , France General , William Yan , Alexander Vinnik , Edward Gong , Craig Hamilton , Andrew Hill , Justice Ministry , Financial Action Task Force , High Court , Criminal Proceeds , Official Information Act , Financial Intelligence Unit , Inspector Craig Hamilton , Asset Recovery Unit , Criminal Proceeds Recovery Act , Official Assignee , Head Hunter , Bill Liu , Customer Due Diligence , Mo Ney , Inter Governmental , Task Force , புதியது ஜீலாந்து , பிரான்ஸ் ஜநரல் , வில்லியம் யான் ,

Police have seized more than $1 billion in assets from alleged criminals


Police have seized more than $1 billion in assets from alleged criminals
29 Apr, 2021 07:00 AM
4 minutes to read
A Lamborghini Huracan, valued at $450,000 was seized following an investigation into alleged money laundering. The supercar is among $1 billion worth of assets restrained since 2009. Photo / Supplied
A Lamborghini Huracan, valued at $450,000 was seized following an investigation into alleged money laundering. The supercar is among $1 billion worth of assets restrained since 2009. Photo / Supplied
More than $1 billion in alleged criminal wealth has been frozen in New Zealand since a powerful law targeting organised crime came into effect just over a decade ago, the Herald can reveal. ....

New Zealand , William Yan , High Court , Criminal Proceeds , Official Information , Head Hunter , Official Assignee , Inspector Craig Hamilton , Bill Liu , புதியது ஜீலாந்து , வில்லியம் யான் , உயர் நீதிமன்றம் , அதிகாரி தகவல் , தலை வேட்டைக்காரன் , இன்ஸ்பெக்டர் கிரேக் ஹாமில்டன் , ர சி து லியூ , பறிமுதல் செய்யப்பட்டது , விலை உயர்ந்தது ,