NEW ZEALAND FINANCE FIRM CHARGED WITH MONEY LAUNDERING

Baker McKenzie on 26^th June reported that an unnamed Auckland finance firm, its director, and an employee have been charged with laundering $53 million for Chinese businessman Edward Gong, who is accused of running a $200 million pyramid scheme in Canada and was arrested in December.

http://www.riskandcompliancehub.com/new-zealand-finance-firm-charged-with-money-laundering/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017