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Hot Topic NBR Focus: GMO
Hot Topic NBR Focus: GMO
Law
4 mins to read

Two money remitters handed down $7.6m overall fine

DIA is now five from five for court action over anti-money laundering laws.

Reweti Kohere Wed, 22 Jul 2020

A combined fine of $7.6 million has been slapped on two money remitters for breaching anti-money laundering laws over five years.

The Auckland High Court handed down pecuniary penalties of $3.1m on Auckland’s OTT Trading Group (OTT) and $4.485m on Christchurch’s MSI Group (MSI).

OTT was

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Reweti Kohere Wed, 22 Jul 2020
Contact the Writer: reweti@nbr.co.nz
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Two money remitters handed down $7.6m overall fine
Law,
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