this post was submitted on 22 Sep 2026
139 points (99.3% liked)
NZ Politics
905 readers
9 users here now
Kia ora and welcome to the NZ Politics community!
This is a place for respectful discussions about everything that's political and kiwi
This is an inclusive space where diverse opinions are valued, but please don't be a dick
Other LemmyNZ communities here
Banner image by Tom Ackroyd, CC-BY-SA
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
In the finance industry we call this KYC Know Your Customer, specifically the "beneficial owner".
You tie the funds back to the top-most owner in any structure.
You're also supposed to vett that the funds have providence for AML (Anti-Money Laundering).
If that industry can do it, so can parliamentary services or whomever would enforce it.
Didnt a bunch of these rules come in world wide due to the Panama Papers leak? you hear almost nothing about it but a whole bunch of laws about KYC came in from the panama papers investigation, its one of the reasons why trusts got a big nerf.
there is a whole bunch to dig into but this look like a good start https://en.wikipedia.org/wiki/Panama_Papers
It was around the same time. I'm not sure if there was a causal relationship.