RBNZ reminder re economic sanctions

NEWS RELEASE - The Reserve Bank has written to banks and financial institutions reminding them of their obligations in regard to United Nations sanctions that apply in New Zealand.

This step has been taken as a consequence of the terror attacks in the United States.

On 16 March 2001 regulations came into force in regard to Afghanistan, terror suspect Osama bin Laden and the organisation known as al Qaeda, which forbid any financial transactions with them.

Thus today's letter is not taking any

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