ANZ reports possible anti-money laundering breaches

ANZ reported itself to the central bank. (Image: ANZ)

Tue, 15 Nov 2022

The Reserve Bank is considering a material breach of the anti-money laundering act by ANZ Bank New Zealand.ANZ, the country's biggest bank, reported itself to the central bank after it identified three prescribed transaction reporting (PTR) matters had not been filed within the required timeframe.The central bank told ANZ that it considered one of the three, related to about 6,409 transaction reports of a certain Swift message type, to be a material breach of the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act.The...

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