Money Laundering Bulletin
Money remitter fined NZ$2.55m in first New Zealand conviction for AML breaches
Jiaxin Finance Limited, a New Zealand money services business, Qiang Fu, its owner, and his mother, Fuqin Che have been convicted
of anti-money laundering offences after working with brokers to remit over NZ$53 million into New Zealand for an international
customer between April 2015 and May 2016.