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. 

LISTEN ABOVE 

Belief changes to child banking requirements will affect teens the most.&nbsp;
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. &nbsp;
It's one of the first steps in Associate Justice Minister Nicole McKee's revamped anti money-laundering regime. &nbsp;&nbsp;
MyMahi founder Jeff King told Andrew Dickens New Zealand would be in a good place if all young people had a bank account.&nbsp;
He says those aged 15-to-16 are looking for their first part-time job and need an account.&nbsp;
LISTEN ABOVE&nbsp;

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

Jeff King: MyMahi founder on the changes to child banking requirements

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/38df2b61-dbde-4af9-bddc-b31301731690/transcript