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New Zealand has banned crypto ATMs and imposed a $5,000 cap on international cash transfers to curb criminal money flows. The measures aim to disrupt organized crime networks by limiting their ability to move illicit funds.
- New Zealand bans crypto ATMs to prevent money laundering and restrict criminal cash flows.
- A $5,000 cap on international cash transfers aims to reduce offshore fund movements by criminals.
- The Financial Intelligence Unit (FIU) will receive expanded surveillance powers to track suspicious transactions.
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