Trading firm wanted 'bendier' compliance officer

Trading firm wanted 'bendier' compliance officer
The New Zealand subsidiary of the Hong Kong listed business has been fined $770,000 for not complying with anti-money laundering laws. (Photo: Supplied)
Dan Brunskill
Directors of a derivative trading platform blocked its compliance staff from carrying out anti-money laundering checks on “objectively suspicious” high-net worth clients, a high court judgement has revealed.  An Auckland high court judge has ordered derivative trading provider CLSA Premium NZ to pay a $770,000 penalty for breaching anti-money laundering laws.The case was brought by the Financial Markets Authority who alleged the subsidiary of its Hong Kong listed parent failed to meet certain obligations between April 2015...

More Markets

Stocks, oil slump as China retaliates and Trump digs in heels
Markets

Stocks, oil slump as China retaliates and Trump digs in heels

China fires retaliatory shots in trade war. 

AFP 05 Apr 2025
Gentrack leads NZ sharemarket down almost 1%
Markets Market Close

Gentrack leads NZ sharemarket down almost 1%

The S&P/NZX 50 Index closed at 12,225.28, down 113.29 points or 0.92%.

Graham Skellern 04 Apr 2025
Takeovers Panel will meet on NZME issue
Markets

Takeovers Panel will meet on NZME issue

The panel said in a media release today it had met on the issue of Grenon’s shareholding.

Staff reporters 04 Apr 2025