Labour still wants to merge SFO with OFCANZ

December 9th, 2013 at 11:00 am by David Farrar

Stuff reports:

On election in 2008, the National Government scrapped Labour’s plans to merge the  into the Organised Financial Crime Agency () and boosted funding to deal with cases stemming from the GFC. Labour MP Jacinda Ardern says the Government has now ”cut that back”.

Presumably as the GFC is over.

Ardern said Labour still believes that bringing the SFO into an organised crime agency is the right approach.

I’m surprised Labour is still pushing their 2008 policy. OFCANZ are the wallies that botched the raid on Kim Dotcom, and have made other major mistakes in recent years. The SFO is not perfect but advocating they merge with OFCANZ is the worst thing you could do for helping detect serious fraud and ensure a conviction.

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9 Responses to “Labour still wants to merge SFO with OFCANZ”

  1. Alan (908 comments) says:

    The GFC isn’t over, most of the world is still on the life support of negative real interest rates.

    NZ has had very poor over sight of the financial sector.

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  2. mikemikemikemike (239 comments) says:

    I wouldn’t say the GFC is over. Sure we have made sure the well off have been protected. But the most vulnerable (and I mean the actual vulnerable – not the voluntarily vulnerable ones) who were hit the hardest, continue to feel its effects. That said – I actually fail to see why:

    1) this is an issue that Labour would target, especially when Mandelas funeral will consume all news for the next fortnight
    2) why DPF is bothering responding to it, given it seems rather irrelevant? – unless I’m missing something (which is entirely likely)

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  3. fernglas (35 comments) says:

    If the SFO is folded into OFCANZ, it is likely that many of its resources will go into investigating the financial aspects of organised crime. This area of police investigations is under-resourced, despite the recent headlines. While this is an important part of the overall criminal picture as the links between organised crime and human suffering are well known, focussing on this area will be to the detriment of the investigation of purely economic crime, thus leaving the corporate thieves whose files already paper the walls of Police Fraud Squads to carry on with impunity.

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  4. Yoza (1,342 comments) says:

    Presumably as the GFC is over.

    The GFC is over? Does anyone have a date when this happened, and shouldn’t someone tell the US they can stop printing money.

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  5. dime (8,746 comments) says:

    Jacinda has been quite vocal lately. They must have said its ok for her to start speaking in public again.. until the next time shes proven to be a light weight

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  6. flipper (3,266 comments) says:

    So what is the basis of Labour’s policy push?

    It certainly did not come from the SFO.

    The Police? Most likely, if not certainly.

    Why?

    Because the SFO has powers that Police have long coveted. But Palmer sold the Parliament on the SFO’s extraordinary powers on the basis that they would only ever be used to combat serious financial crimes. Nothing wrong with that, except that the definition thereof has varied acing to then whims of the SFO Director of the day. And ego, especially in the case of Sturt, and then Feeley, was a major driver. Statutory limitations were/have been skirted with gay abandon

    It is not widely known, but the SFO has the power to compel any person to attend an interview, and to answer all questions. They have the power to conduct their enquiries in absolute secrecy, and to require all persons (or entities) interviewed to maintain confidentiality, under pain of massive fines or prison.

    Judicial review is barred…. and more, much more.

    In short it could be a totalitarian nightmare (It has not become one, because it has remained linked to fraud and similar). But placing the SFO with Police would expand Police powers by totalitarian proportions, and would inevitably see a different focus. And it is a focus that no one should allow.

    The massive financial and other State resources available to Police are totally adequate (possibly excessive) to deal with all criminality except Labour politicians and electoral fraud.) :-) :-)

    Matters must stay as they are. Period.

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  7. Reid (15,505 comments) says:

    Yes much as I hate it when lefties are correct, the GFC isn’t over. The current NY stock market rally looks almost exactly like that of 1929, for example.

    http://www.shtfplan.com/headline-news/stunnning-chart-todays-stock-market-is-eerily-reminiscent-of-1929_12042013

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  8. Pauleastbay (5,030 comments) says:

    We have the New Zealand Police. We are a country of 4 million people. The SFO was formed in 1990 and typically labour wanting to control things so they allowed the SFo to be formed.

    We do not need multi jurisdictional agencies in New Zealand. We have a national police force which is more than capable of dealing with any matters if funded accordingly.

    Disband the SFO and save millions

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  9. Reid (15,505 comments) says:

    We have a national police force which is more than capable of dealing with any matters if funded accordingly.

    If the SFO should not be independent then the best place to put it is inside the IRD, not the police.

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