
Regulation
FMA says it will do better with FMCA than AML
Wednesday 18th of September 2013
Advisers will get a lot more notice of what is expected of them under the Financial Markets Conduct Bill than they got when Anti-Money Laundering legislation was implemented.
The regulator was criticised for only finalising regulations just before the AML legislation was due to be implemented.
The FMA said it was not planning a repeat performance for the latest Act.
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