A money transfer system that has raised fears of money-laundering overseas is being considered by Immigration New Zealand as an acceptable means for wealthy Chinese applicants to bring cash to New Zealand.
The agency is assessing whether to accept funds that have been transferred via the China UnionPay debit card by investor migrant applicants, says Immigration NZ area manager Michael Carley.
A spokeswoman for Immigration Minister Michael Woodhouse said the minister was watching developments of the process "with interest".
An internal research report in 2008 by the People's Bank of China identified UnionPay cards as one of the main tools that corrupt individuals used to facilitate cross-border transfer of funds.
A separate report that year also estimated that 16,000 to 18,000 Communist Party officials and other individuals had "disappeared" from China taking about 800 billion yuan ($173 billion) with them.