With money laundering prosecutions on the rise and about $1.35billion laundered through businesses annually as a result of fraud, illegal drugs, tax evasion and other crimes, is New Zealand enforcement doing enough?

The Paris-based Financial Action Task Force (FATF) is the global money laundering and terrorist financing watchdog, setting standards for more than 200 countries and jurisdictions to help authorities combat serious crime including drug smuggling, human trafficking and terrorism.

FATF reports identify what countries are doing right - and where they need to improve - in relation to anti-money laundering and counter-terrorist financing frameworks.

The watchdog released its 2020 report in to New Zealand on Thursday, finding it had achieved notable results tackling money laundering, however there is room for improvement.

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