close
Law
3 mins to read

Money remitters' appeal against RBNZ dismissed

The remittance firms, which transfer money to the Pacific Islands, claim they have been unfairly treated due to AML/CFT risks.

NBR last year revealed the legal action taken by companies Ink Patch Money Transfer, Samoa Money Transfer, and KlickEx.

Money remittance firms which took legal action against the Reserve Bank of New Zealand and Minister of Finance to direct banks to provide them with bank accounts in the face of tight anti-money laundering restrictions have had a Court of Appeal bid dismissed.

In April 2022, NBR revealed the legal

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace
NZ Aviation News

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Aviation News - Monthly

NZ$14.95 / monthly

Already have an account? Login
Contact the Writer: Hmcnicol@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Money remitters' appeal against RBNZ dismissed
Law,
101867