News

Lack of awareness on AML

Tuesday 14th of February 2017

The Financial Markets Authority last week revealed it had formally warned 12 reporting entities for breaches of the Anti-Money Laundering and Counter Financing of Terrorism laws.

Gavin Austin, of ABC Compliance, and formerly of the FMA, said it was not a surprise.

“It’s a shot across the bows, but it’s what is needed. There are still a lot of people out there that just haven’t don...

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