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Forex firm pays out $10m ahead of penalty hearing

FMA expected to succeed in court claim.

Tim Hunter Tue, 04 May 2021

Derivatives issuer CLSA Premium, facing a Financial Markets Authority claim for alleged breach of anti-money laundering legislation, paid out $10.1 million to its owner in December, financial statements show.

Auckland-based CLSA, which provides margin foreign exchange trading and other broking

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Tim Hunter Tue, 04 May 2021
Contact the Writer: thunter@nbr.co.nz
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Forex firm pays out $10m ahead of penalty hearing
General Business,
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