Money remitter faces liquidation following AML breach
Ping An Finance director also faces bankruptcy.
Victoria Young
Tue, 07 Aug 2018
The Department of Internal Affairs hasn’t recouped any money from its first anti-money laundering prosecution, and has launched more legal action against Ping An Finance and its director, XiaoLan Xiao.
Last year penalties of $5.3 million were awarded against Ping An Finance in an undefended
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Victoria Young
Tue, 07 Aug 2018
Contact the Writer: victoria@nbr.co.nz
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Money remitter faces liquidation following AML breach
Business,Law,
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