News
CLSAP NZ hit with $770,000 fine for anti-money-laundering law breaches over $50m in transactions
13 Sep 2021
13 Sep 2021
A New Zealand derivatives trading firm and subsidiary of a Hong Kong company has been fined $770,000 for breaching anti-money-laundering laws over nearly $50 million of suspicious transactions.
CLSA Premium New Zealand Limited (CLSAP NZ) admitted it was out of line with the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act in a High Court settlement with the Financial Markets Authority (FMA) earlier this year.
By Sam Hurley, The New Zealand Herald, 13 September 2021
Read more at The New Zealand Herald
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Categories: 360 News, Criminal Outcomes, Hong Kong, Latest Press, Money Laundering, New Zealand, Terrorism Financing, Trading