Kiwibank's anti-money laundering 'blanket de-risking' breaches obligations – lawyer
Kiwibank has gone from more than 100 money remitter accounts to just three.
Kiwibank’s policy of “blanket de-risking” in closing all accounts with money remitters breaches its statutory obligations, the lawyer for a “substantial” foreign exchange dealer says.
The landmark anti-money laundering dispute between the state-owned bank and Auckland-based E-Trans International
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Hamish McNicol
Wed, 03 Feb 2016
Wed, 03 Feb 2016
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Kiwibank's anti-money laundering 'blanket de-risking' breaches obligations – lawyer
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