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Money remitter Qian DuoDuo fined $1.125m over AML failures

Department of Internal Affairs found the company failed to report 197 international transactions to China, totalling over $19.14m between June 2018 and September 2019.

Two individuals involved have already been convicted of criminal offending.

NBR Staff Fri, 06 Jun 2025

Auckland-based foreign exchange and money remittance company Qian DuoDuo Ltd, which traded under the name Lidong Foreign Exchange, has been convicted and fined $1.125 million for failing to report suspicious activities and to submit prescribed transaction reports.

The Department of Internal Affairs

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NBR Staff Fri, 06 Jun 2025
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Money remitter Qian DuoDuo fined $1.125m over AML failures
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