The Co-operative Bank faces a $1.425 million penalty after admitting to long-standing failures in its anti-money laundering and counter-terrorism financing systems, with the Reserve Bank of New Zealand enforcing compliance standards.
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regulator takes strong stance on compliance
ASB fined $6.73m for breaches of money laundering lawregulator targets financial system risks
ASB penalised $6.7m over 'inadequate' anti-money laundering systemsSpotted something wrong on this page? Report a correction.