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

Ruling describes ‘suspicious’ transactions at Tiger Brokers

Customers had millions of dollars in receipts ‘disproportionate to their net annual income,’ says just-released judgment on $900,000 penalty.

Tiger Brokers offers online share trading services to mainly Chinese customers.

NBR Staff Mon, 07 Aug 2023

A court judgment on $900,000 of penalties for China-focused online sharebroking firm Tiger Brokers shows the firm’s most serious anti-money laundering breaches involved customers receiving millions of dollars disproportionate to their income and net assets.

The ruling from Justice Ian Gault,

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NBR Staff Mon, 07 Aug 2023
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Ruling describes ‘suspicious’ transactions at Tiger Brokers
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