Custom House Offers to Advise New Zealand Justice Minister
AUCKLAND, Feb. 17 /CNW-AsiaNet/ --
Peter Gustavson, President and CEO of Custom House Global Foreign Exchange said today the company is willing to offer
its expertise in the control of money laundering and terrorist financing to the government of New Zealand.
Custom House is the largest non-bank foreign exchange service in North America and does twenty-five per cent of its
business in New Zealand and Australia. Gustavson is responding to the February 16 announcement of the Honourable Phil
Goff, Minister of Justice who plans to introduce new laws to tighten money laundering and terrorist financing in New
Zealand.
"We are leaders in this area and employ some of the best minds in the industry to ensure compliance," said Gustavson.
"We have people like Bernard Beck, B.A., M.B.A., C.F.E., Senior Vice President and Chief Compliance Officer to ensure
that the company and employees comply with the complex regulations that govern the financial industry in all the markets
in which Custom House does business," Gustavson said.
"Beck has 25 years of experience with the Royal Canadian Mounted Police (RCMP), where he was the Unit Commander in the
Commercial Crime Section. He has specialized in coordinating and conducting complex, international financial
investigations into fraud, proceeds of crime, asset tracing, and money laundering. Beck has training and experience in
legal and regulatory matters, especially in criminal code and federal and provincial statutes," said Gustavson.
Gustavson and Custom House have already contributed to the safety of financial institutions by helping the government
of Canada draft its anti-money-laundering regulations. Gustavson was instrumental in the creation of the Canadian
Foreign Exchange Dealers' Association, an organization of which he is now President.
Custom House Global Foreign Exchange handles more than $10 billion in transactions annually for 45,000 clients in
Australia, Canada, New Zealand, the United Kingdom and the United States. The company recently opened its 80th
international branch in the city of London and plans more growth, nationally and internationally, this year. Custom
House provides currency exchange solutions to pay foreign invoices and exchange foreign receivables. The company offers
foreign exchange currency drafts, international wires, forward contracts, a foreign exchange rate watch service, world
market updates and transactions through its online platform for importers, exporters and financial institutions.
'CUSTOM HOUSE IS A PROUD SPONSOR OF CANADA'S NATIONAL RUGBY TEAMS.'
SOURCE: Custom House Global Foreign Exchange