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Citibank NZ warned by RBNZ over AML failures

Bank failed to provide originator information for 64,000 wire transfers.

Citibank NZ has been warned by RBNZ over AML failures.

NBR Staff Thu, 14 Dec 2023

Citibank New Zealand has been formally warned by the Reserve Bank over failing to provide originator information for international wire transfers, breaching anti-money laundering regulation.

The circa-64,000 affected transactions took place between January 2017 and July 2020, and between November

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NBR Staff Thu, 14 Dec 2023
Contact the Writer: editor@nbr.co.nz
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Citibank NZ warned by RBNZ over AML failures
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