Monthly Archives March 2016
March 9, 2016 New Zealand Finance
New Zealand police have seized millions worth of assets and cash from individuals and companies associated with criminal activity and drugs.
According to a statement released by the Minister of Corrections and Police Judith Collins the New Zealand police have seized approximately NZD 382 million under the Criminal proceeds Act since 2009.
Current regulations allow the police to retain, or freeze, assets and funds believed to be proceeds of crime, even if no criminal convictions have been laid.
Since 2009 a total of NZD 382 million in asset and funds has been frozen, and an additional NZD 85 million has been forfeited.
Approximately 96 percent of the forfeited assets, and 86 percent of frozen assets, were connected to organized crime or drugs.
In total 110 residential properties, 8 commerc...Read More
March 1, 2016 New Zealand Finance
3 627 gang members in New Zealand have received welfare payments since 1993, with member receiving an average NZD 132 000 each over their lifetimes.
On March 1st the Ministry of Social Development of New Zealand released a new report with findings on the cost that gang members have on social and welfare systems in place in the country.
It is estimated that over the period between January 1st 1993 and December 31st 2014 gang members in New Zealand received approximately NZD 382 million in payments as part of the main benefit, with an additional NZD 143 million as part of further supplementary benefits, such as the accommodation allowance.
The total welfare payments of NZD 525 million made to gang members is estimated to equate to approximately NZD 132 000 per member.
Currently 3 960 adult ...Read More