close
MENU
How to guide
How to guide
Home
NBR Marketplace
The NBR List
NBR Video

Categories

General Business Investment Economics Te Ao Māori Politics Infrastructure Australia Tech & Innovation Finance Law Professional Services Primary Industries Retail Property Deals Marketing & Media Tourism Energy Luxury Property Aviation News Comings & Goings

Analysis

All Economy Matters Edwards on Politics Hunter’s Corner Last Word Margin Call On the Money Shoeshine Underarm NBR Focus

Featured

The NBR Podcast Morning Brew The Grind Entrepreneurs Your Business Beehive Banter Toil & Trouble Market Outlook Dollars & Sense Local Edge Private Bin Audio Articles Podcasts NZ Aviation News Back Issues NBR Radar (Archive) Opinion (Archive) NBR Rich List (Archive)
Law
2 mins to read
2

Ruling describes ‘suspicious’ transactions at Tiger Brokers

Customers had millions of dollars in receipts ‘disproportionate to their net annual income,’ says just-released judgment on $900,000 penalty.

Tiger Brokers offers online share trading services to mainly Chinese customers.

NBR Staff Mon, 07 Aug 2023

A court judgment on $900,000 of penalties for China-focused online sharebroking firm Tiger Brokers shows the firm’s most serious anti-money laundering breaches involved customers receiving millions of dollars disproportionate to their income and net assets.

The ruling from Justice Ian Gault,

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive FREE offer for uni students studying at a New Zealand university (valued at $499).
View terms and conditions.
Individual
Group membership
NBR Marketplace

Smartphone Only Subscription

NZ$29.95 / monthly

Monthly Premium Online Subscription

NZ$49.95 / monthly

Smartphone Only Annual Subscription

NZ$299.00 / yearly

Yearly Premium Online Subscription

NZ$499.00 / yearly

Premium Group Membership 10 Users

NZ$385+GST / monthly

$38.5 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$660+GST / monthly

$33 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1375+GST / monthly

$27.5 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$2100+GST / monthly

$21 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$999.00 / yearly

Already have an account? Login
NBR Staff Mon, 07 Aug 2023
Contact the Writer: editor@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.
Tags
Tiger Brokers FMA High Court AML China

Free News Alerts

Sign up to get the latest stories and insights delivered to your inbox – free, every day.

I’m already subscribed/joined
Related News
Law

Tiger Brokers owner hit with US class action
General Business

NZX rejects Tiger Brokers trading application
General Business
2

Tiger Brokers in line for $900,000 penalty over AML/CFT breaches
General Business
2

Tiger Brokers censured, fined

Free News Alerts

Sign up to get the latest stories and insights delivered to your inbox – free, every day.

I’m already subscribed/joined
Related News
Law

Tiger Brokers owner hit with US class action
General Business

NZX rejects Tiger Brokers trading application
General Business
2

Tiger Brokers in line for $900,000 penalty over AML/CFT breaches
General Business
2

Tiger Brokers censured, fined
Ruling describes ‘suspicious’ transactions at Tiger Brokers
Law,
100256
true
Subscribe Login