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Jeff King: MyMahi founder on the changes to child banking requirements
Published 9 months, 4 weeks ago
Description
Belief changes to child banking requirements will affect teens the most.
The Government's making it easier to sign children up for a bank account, saying the current laws are unnecessarily difficult, in an attempt to prevent serious crime.
It's one of the first steps in Associate Justice Minister Nicole McKee's revamped anti money-laundering regime.
MyMahi founder Jeff King told Andrew Dickens New Zealand would be in a good place if all young people had a bank account.
He says those aged 15-to-16 are looking for their first part-time job and need an account.
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