Real estate company Arizto warned over anti-money laundering

A real estate company has got in trouble over laws designed to stop money laundering. (Image: Getty)

Fri, 02 Jun 2023

Real Estate agency Arizto Limited has been given a formal warning by the Department of Internal Affairs (DIA) under New Zealand’s anti-money laundering legislation.The DIA said in a statement that Arizto had failed to meet its obligations under the Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT). It was issued with a warning on April 12.It is the second warning issued to a real estate agent since the law began applying to real estate agents in January 2019.Due diligenceArizto had failed to establish, implement or...

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