Anti-Financial Crime & Financial Crime Compliance
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NZ real estate chief dismisses official AML warning as a way to ‘make an example’ of his firm as new financial crime laws settle in

The chair of a New Zealand real estate agency has said that the warning his firm received from the government about AML deficiencies – the first of its kind – was just to set an example.

Property Brokers, with 80 outlets across the Pacific nation, received a formal warning from the Department of Internal Affairs for failing on several AML/CFT requirements. It was the first formal warning of this type that has been issued to an NZ firm.

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