Hamish McNicol talks about arm’s length dealings with offshore FSPR ratbags. With special feature audio.
UPDATED: In the FMA's view, there were deficiencies with Craig's anti-money laundering compliance programme following the introduction of the new act in mid-2013.
In a settlement with the market regulator, Craigs admits it breached the Act by failing to conduct adequate due diligence on a client and then failing to terminate its business relationship with that customer.
A year after the NZ Super Fund suspended Milford Asset from managing NZ equities on its behalf in the wake of market manipulation allegations, the pair have made the move permanent. With special feature audio.