June 23, 2020 BY Steffy Bogdanova

New Zealand FMA files proceedings against CLSAP NZ for anti-money laundering breaches

The FMA has filed action against the company in High Court at Auckland and is seeking monetary penalty. Nick Kynoch, FMA General Counsel, said: The anti-money laundering legislation is a cornerstone to protecting the integrity of New Zealand’s financial system and it’s imperative that financial services firms ensure they are compliant. The regime has been…

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