cruse and associates accounting<br />Experts warns, firms could get struggle to meet deadline for money laundering.<br />Financial institutions may struggle to be ready for new anti-money-laundering laws if they haven’t yet begun preparations, Cruse and Associates claims.<br />PricewaterhouseCoopers advisory partner Eric Lucas said that when Australia introduced similar regulations, implementation took longer and cost more than many expected.<br />New Zealand’s law change comes into force on June 30 and is expected to cost the financial sector close to $230 million in start-up costs and $128 million in ongoing costs...
