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Law
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Forex firm admits AML breaches, $1m penalty provision made

The FMA alleged representative transactions over more than three years involved nearly $50m.

A derivatives issuer has admitted to multiple breaches of anti-money laundering legislation over more than three years.

Auckland-based CLSA, which provides margin foreign exchange trading and other broking services, was accused by the Financial Markets Authority (FMA) last June of multiple

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Hamish McNicol Thu, 06 May 2021
Contact the Writer: Hmcnicol@nbr.co.nz
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Forex firm admits AML breaches, $1m penalty provision made
Law,
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