LATEST: New Zealand branch of foreign exchange provider slapped with NZD$770,000 (€465,000) fine for AML breaches - AML Intelligence
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Compliance, Financial Crime

LATEST: New Zealand branch of foreign exchange provider slapped with NZD$770,000 (€465,000) fine for AML breaches

By Elizabeth Hearst

The New Zealand branch of a multinational foreign exchange company, CLSA Premium, has been hit with a NZD$770,000 fine for anti-money laundering failures.

The Auckland-based branch admitted it had failed to comply with anti-money laundering regulations between April 2015 and November 2018.

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