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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Law
5 mins to read

Forex firm penalised $770,000 for AML breaches

CLSA Premium’s parent company had made a $1m penalty provision.

A derivatives issuer has been ordered to pay a $770,000 penalty after admitting to multiple breaches of anti-money laundering legislation over more than three years involving close to $50 million.

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

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Hamish McNicol Mon, 13 Sep 2021
Contact the Writer: Hmcnicol@nbr.co.nz
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Forex firm penalised $770,000 for AML breaches
Law,
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