Auckland money remitter fined $2.55m for AML breaches
Its owner and his mother were fined too, in the first prosecution under anti-money laundering laws.
Reweti Kohere
Tue, 03 Mar 2020
An Auckland money remitter and its mother-and-son operators have escaped jail for their “premeditated and prolonged” offending of anti-money laundering laws, in the first criminal sentencing hearing under the regime.
In the Auckland High Court, Justice Tracey Walker convicted and fined money
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
Reweti Kohere
Tue, 03 Mar 2020
Contact the Writer: reweti@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Auckland money remitter fined $2.55m for AML breaches
Law,
82769