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Hot Topic Hawke’s Bay
General Business
2 mins to read
1

Money remitter faces liquidation following AML breach

Ping An Finance director also faces bankruptcy.

Victoria Young Tue, 07 Aug 2018

The Department of Internal Affairs hasn’t recouped any money from its first anti-money laundering prosecution, and has launched more legal action against Ping An Finance and its director, XiaoLan Xiao.

Last year penalties of $5.3 million were awarded against Ping An Finance in an undefended

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Victoria Young Tue, 07 Aug 2018
Contact the Writer: victoria@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Tags
Ping An Finance Law & Courts. Xiaolan Xiao AML anti-money laundering (AML) department of internal affairs
Money remitter faces liquidation following AML breach
General Business,Law,
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