Thousands of bank accounts closed due to foreign information sharing law – TVNZ

Thousands of bank accounts closed due to foreign information sharing law – TVNZ

Thousands of bank accounts closed due to foreign information sharing law
TVNZ
The Business Tax, Exchange of Information, and Remedial Matters Act came into effect on 1 July 2017. As a result those who failed to provide enough information have been frozen. Kiwibank said 1200 accounts were initially frozen, however only 800 …

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Thousands of bank accounts closed due to foreign information sharing law – TVNZ