RBNZ files civil proceedings against ASB over Anti-Money Laundering breaches | investingLive
The Reserve Bank of New Zealand has filed civil proceedings in the High Court against ASB Bank, alleging breaches of core obligations under the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act. The RBNZ said the breaches date back to at least December 2019 and relate to failures to meet fundamental compliance requirements under…