Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


MOU signed to improve agency cooperation

Hon Anne Tolley

Minister of Police

Hon Craig Foss

Minister of Commerce

30 July 2014 Media Statement

MOU signed to improve agency cooperation

Police Minister Anne Tolley and Commerce Minister Craig Foss today welcomed an updated memorandum of understanding (MOU) between the Financial Markets Authority (FMA) and the Serious Fraud Office (SFO).

Mrs Tolley, as the Minister responsible for the SFO, says continued coordination and cooperation between the two agencies will improve efficiency and effectiveness.

“This MOU will enable faster and more effective prosecutions by streamlining processes to avoid duplication and make the most of each agency’s resources.”

Representatives from each agency will continue to meet monthly to review relevant inquiries or investigations and discuss opportunities for further cooperation.

The SFO Director and FMA Chief Executive will also meet quarterly.

Mr Foss says coordination also promotes high standards of conduct in New Zealand’s financial markets.

“I am pleased these agencies will continue to work together to fight financial crime.

“This shared commitment further enhances the Government’s work to promote public confidence in the integrity of our financial markets,” Mr Foss says.

The FMA has primary responsibility for the detection, investigation and prosecution of offences under financial markets legislation. The SFO has primary responsibility for the detection, investigation and prosecution of offences that constitute serious or complex fraud, or involve matters of bribery and corruption.

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

Arming Police: Frontline Police To Routinely Carry Tasers

"In making the decision, the Police executive has considered almost five years worth of 'use of force' data… It consistently shows that the Taser is one of the least injury-causing tactical options available when compared with other options, with a subject injury rate of just over one per cent for all deployments." More>>

ALSO:

Gordon Campbell: On D-Day For Dairy At The TPP

While New Zealand may feel flattered at being called “the Saudi Arabia of milk” it would be more accurate to regard us as the suicide bombers of free trade. More>>

ALSO:

Leaked Letter: Severe Restrictions on State Owned Enterprises

Even an SOE that exists to fulfil a public function neglected by the market or which is a natural monopoly would nevertheless be forced to act "on the basis of commercial considerations" and would be prohibited from discriminating in favour of local businesses in purchases and sales. Foreign companies would be given standing to sue SOEs in domestic courts for perceived departures from the strictures of the TPP... More>>

ALSO:

"Gutted" Safety Bill: Time To Listen To Workplace Victims’ Families

Labour has listened to the families of whose loved ones have been killed at work and calls on other political parties to back its proposals to make workplaces safer and prevent unnecessary deaths on the job. More>>

ALSO:

Regulators: Govt To ‘Crowd-Source’ Regulatory Advice

A wide-ranging set of reforms is to be implemented to shake up the way New Zealand government agencies develop, write and implement regulations. More>>

ALSO:

Board Appointments: Some Minister Appoint Less The 3 In 10 Women

“It’s 2015 not 1915: Ministers who appoint less than 3 in 10 women to their boards must do better, they have no excuse but to do better,” said Dr Blue. More>>

Gordon Campbell: On The 1990s Retro Proposals For Our Health System

As we learned yesterday, the reviews propose that the democratically elected representation on DHBs should be reduced, such that community wishes will be able to be over-ridden by political appointees. In today’s revelations, the reviews also propose a return to the destructive competitive health model of the 1990s. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news