Equity Trust International gets formal warning over anti-money laundering compliance

Tue, 05 Sep 2017

By Sophie Boot Sept. 5 (BusinessDesk) - The Department of Internal Affairs has issued a public formal warning to Equity Trust International, an Auckland-based company, for failing to comply with anti-money laundering rules. Equity Trust provides trust and company services to clients based overseas, DIA said. It's the second formal warning to a company made public by the department, which has issued 21 non-public formal warnings since the Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act) came into force in June...

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