Kiwibank censured for failing to comply with anti-money laundering law
Reserve Bank has named and shamed Kiwibank, but the bank says it's confident it hasn't been involved in any money laundering or financing of terrorism.
The Reserve Bank has publicly censured the Government-owned Kiwibank for failing to comply with some of the requirements of the Anti-Money Laundering/Countering Financing of Terrorism Act between June 2013 and June 2014.
Kiwibank spokesman Bruce Thompson says his bank wasn’t actually involved in
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Jenny Ruth
Wed, 28 Oct 2015
Wed, 28 Oct 2015
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Kiwibank censured for failing to comply with anti-money laundering law
52886