FMA looking into directors, agents who help foreign firms cash in NZ's reputation

Mon, 18 May 2015

By Jonathan Underhill May 19 (BusinessDesk) - The Financial Markets Authority says it is looking into New Zealanders who help foreign firms sign up on a local register of financial services providers and even act as directors, giving the entities a veneer of respectability they can cash in on overseas. The regulator said it has removed 23 entities from the Financial Services Provider Register so far this year and prevented a further 20 from completing registration on the FSPR. The register is maintained by the Registrar of Companies but t...

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