- The Bankers’ Association chief executive Kirk Hope said New Zealand banks have no choice but to comply with the US law, but take confidentiality of client’s information very seriously.
- New Zealand Bankers’ Association chief executive Kirk Hope said it was impossible for New Zealand companies to comply with Fatca without the agreement, because under current law they aren’t allowed to provide information to overseas tax departments.
- The banks argue that they are already responsible lenders and that the law changes should be targeted at loan sharks and lower tier lenders rather than them.
- Banking industry body the New Zealand Bankers’ Association said the union’s claims “undermine the great work that frontline staff do in engaging with customers”.
- “We strongly recommend against using public computers and public Wi-Fi for internet banking,” said Bankers’ Association regulatory director Karen Scott-Howman.
- Parliament is considering legislation that would allow the Inland Revenue Department to collect contact details, bank account numbers and transactions of Americans living in New Zealand to pass on to tax authorities in the US. New Zealand Bankers Association chief executive Kirk Hope said if the information is not supplied, the Americans would impose hefty penalties... Read more »
- “People should have a good look at their circumstances and talk to their bank so they can be properly prepared for interest rate hikes,” says Bankers’ Association spokesperson Kirk Hope.
