The FMA has accused Franco Belgiorno-Nettis of manipulating the share price of Steel & Tube between 2020 and 2023.
The Pacific Island remittance firms are considered high risk under AML/CFT rules.
The action involves seven companies including Fonterra.
The property syndicator had a pre-trial hearing this week in its bid to take control of the lease.
Interim name suppression upheld for now.
Justice Minister called on to initiate Law Commission review.
High Court finds contractor not guilty after private prosecution by NZX-listed utility.
Two people have pleaded not guilty to charges in the Auckland District Court.
A2 Milk said to be the target, but major instos say they haven't been approached.
Director Zhongyang Meng and accountant Jiashun Qian had accepted FMA allegations.