Money remitters' appeal against RBNZ dismissed
The remittance firms, which transfer money to the Pacific Islands, claim they have been unfairly treated due to AML/CFT risks.
NBR last year revealed the legal action taken by companies Ink Patch Money Transfer, Samoa Money Transfer, and KlickEx.
Money remittance firms which took legal action against the Reserve Bank of New Zealand and Minister of Finance to direct banks to provide them with bank accounts in the face of tight anti-money laundering restrictions have had a Court of Appeal bid dismissed.
In April 2022, NBR revealed the legal
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