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27 Oct 2021 12:24
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  •   Home > News > Business

    New Zealand's market watchdog has warned online investment service Sharesies about failing to have sufficient anti-money laundering measures

    New Zealand's market watchdog has warned online investment service Sharesies about failing to have sufficient anti-money laundering measures


    The Financial Markets Authority says it's not alleging the platform has enabled money laundering or the financing of terrorism.

    It says Sharesies didn't obtain sufficient information about customers and their reasons for using the platform.

    The Wellington-based company has more than 400 thousand clients and manages more than 1.5 billion dollars.

    It's co-operating with the authority to meet legal obligations.

    © 2021 Newstalk ZB, NZCity

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     Top Stories

    RUGBY RUGBY
    The All Blacks have ratcheted up Covid protocols heading into the European leg of their end-of-year tour More...


    BUSINESS BUSINESS
    Covid-19 vaccine mandates could be a big relief for New Zealand's food exporters More...



     Today's News

    Entertainment:
    Halyna Hutchins’ family are demanding answers over her death 12:20

    Rugby:
    The All Blacks have ratcheted up Covid protocols heading into the European leg of their end-of-year tour 11:54

    Entertainment:
    Ireland Baldwin and Hailey Bieber have sent messages of support to Halyna Hutchins' family 11:50

    Environment:
    Police say they're disappointed by protesters at Auckland's northern and southern Covid-19 borders 11:44

    Entertainment:
    Melissa McCarthy says she would be a great maths teacher 11:20

    Cricket:
    South Africa wicketkeeper Quinton de Kock withdraws from Twenty20 World Cup match for refusing team directive to take the knee 11:14

    Rugby League:
    The race is intensifying for the last two places at the ATP World Tour finals in Turin next month 11:04

    Rugby:
    The All Blacks camp are on a heightened Covid alert after a positive test in the Welsh camp 10:54

    International:
    Gina Rinehart says polar bear numbers have increased. Is that correct? 10:54

    Entertainment:
    Jesy Nelson has revealed that her new single 'Boyz' was the first solo song she wrote 10:50


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