News | Law and Order
23 Jan 2020 4:30
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Days of Xmas
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Law and Order

    A company and two employees have been found guilty of failing to report 53 million dollars of suspicious transactions from an international business mogul

    A company and two employees have been found guilty of failing to report 53 million dollars of suspicious transactions from an international business mogul


    The case, in the High Court in Auckland, is the first of its kind since anti-money laundering laws were introduced a decade ago.

    Much of the money is alleged to have come from a pyramid scheme.

    The company and names of the employees are suppressed.

    They've been found guilty on charges relating to failing to conduct customer due diligence, failing to keep adequate records and not reporting suspicious transactions.

    Despite finding them guilty, the judge hasn't immediately convicted them.

    That's to give their lawyer time to seek instructions before sentencing in February.

    © 2020 Newstalk ZB, NZCity


     Other Law and Order News
     22 Jan: A Napier man's been arrested, after calling a woman 108 times in three weeks
     22 Jan: Drugs, illegal firearms and ammunition have been seized as investigations continue into gang tensions in Hawke's Bay
     22 Jan: Disruption on a Wellington train this morning due to a minor assault
     22 Jan: Two people have been arrested after a dramatic police chase in south Auckland about 10 this morning
     22 Jan: The two victims are both understood to have suffered horrific - but non-life-threatening - injuries
     22 Jan: Prince Harry and Meghan threaten legal action against British press following new paparazzi incident
     22 Jan: Dunedin is taking road safety to new heights
     Top Stories

    RUGBY RUGBY
    Patrick Tuipulotu is relishing leading the Blues in Super Rugby this season More...


    BUSINESS BUSINESS
    Netflix is dragging in huge numbers of new subscribers across the world....but growth in the US is a weak spot More...



     Today's News

    Environment:
    Much of the country is in for an absolute scorcher of a weekend 21:57

    Entertainment:
    Karlie Kloss is "so proud" of her marriage 21:30

    Business:
    Netflix is dragging in huge numbers of new subscribers across the world....but growth in the US is a weak spot 21:17

    Entertainment:
    Jesy Nelson has "never been more in love and happy" as she is with her boyfriend of one year, Chris Hughes 21:00

    Entertainment:
    Samantha Markle thinks Prince Harry and Duchess Meghan's exit from the Royal Family is down to her half-sister 20:30

    Entertainment:
    Dove Cameron's former fiance has accused her of being unfaithful to him 20:00

    Entertainment:
    Stormzy once "robbed" a pizza delivery guy and took his moped 19:30

    International:
    Donald Trump's impeachment has moved to the Senate. Follow opening arguments live 19:27

    International:
    Chinese city apologises for shaming people for wearing pyjamas in public 19:07

    Entertainment:
    Harry Styles is to headline Pepsi's pre-Super Bowl bash this year 19:00


     News Search






    Power Search


    © 2020 New Zealand City Ltd