Citibank NZ issued formal warning over anti-money laundering rule failures
Reported by RNZ The Reserve Bank has issued a formal warning to the New Zealand branch of Citibank under anti-money laundering and counter terrorism financing laws. The warning relates to wire transfer identity requirements under the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act 2009. Citibank is one of the world’s largest banks and […]