Tiger Brokers pays NZ$900,000 in New Zealand for wide-ranging AML breaches

The New Zealand-based subsidiary of Tiger Fintech (Singapore) PTE Ltd, which offers share trading online, has been ordered to pay NZ$900,000 (US$546,700) by the Auckland High Court for multiple failings under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009.

The New Zealand-based subsidiary of Tiger Fintech (Singapore) PTE Ltd, which offers share trading online, has been ordered to pay NZ$900,000 (US$546,700) by the Auckland High Court for multiple failings under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. [1]