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Derivatives trader CLSAP NZ admits anti-money laundering law breaches in case with FMA


Derivatives trader CLSAP NZ admits anti-money laundering law breaches in case with FMA
5 May, 2021 10:23 PM
6 minutes to read
CLSA Premium New Zealand has admitted to anti-money laundering breaches. Photo / File
NZ Herald
A Kiwi derivatives trading firm and subsidiary of a Hong Kong company has admitted breaching anti-money-laundering laws after action was taken by the regulator.
CLSA Premium New Zealand Limited (CLSAP NZ) was accused of nearly
$50 million in suspicious transactions in a civil case filed in the High Court at Auckland by the Financial Markets Authority (FMA) in June last year.
Today, the FMA said the Auckland-based company has admitted it breached the Anti Money Laundering and Countering Financing of Terrorism (AML/CFT) Act. The markets watchdog had alleged the company failed to comply with its legal obligations between April 2015 and November 2018. ....

New Zealand , Ping An , Hong Kong , New South Wales , Cayman Islands , Rongjun June Zhang , Xiao Hua Gong , Richard Clive Pearson , Qiang Fu , Songyuan Huang Benny Wong , Stefan Liu , Fuqin Che , Xiaolan Xiao , Robert Manwarring Noakes , High Court At Auckland , Financial Markets Authority , Qian Duoduo , Companies Office , Premium New Zealand Limited , Department Of Internal Affairs , Kunlun New Zealand , High Court , New Zealand Limited , Anti Money Laundering , Countering Financing , Songyuan Huang ,

Supporting SME restructuring with Olvera Capital

Promoted by Olvera Capital As the fallout from the COVID-19 pandemic continues, many SMEs across the country are likely to consider formal restructuring or voluntary administration in the period ahea ....

New South Wales , Damien Hodgkinson , Olvera Capital , புதியது தெற்கு வேல்ஸ் , ஒள்வேர மூலதனம் ,

Official named deputy head of WTO


Official named deputy head of WTO
By LIU ZHIHUA |
CHINA DAILY |
Updated: 2021-05-06 07:15
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File photo of Zhang Xiangchen.
Zhang Xiangchen, vice-minister of commerce, has been appointed as a deputy director-general of the World Trade Organization, a move that government officials and experts believe is a recognition of China s role in the WTO and its contribution to the multilateral trading system.
They also said members of the WTO, in the face of rising unilateralism and protectionism, should strengthen communication to achieve consensus step by step to advance necessary reform of the WTO, in order to safeguard the multilateral trading system and promote the building of an open world economy. ....

United States , Costa Rica , Huo Jianguo , Jean Marie Paugam , Zhang Xiangchen , Anabel Gonzalez , Angela Ellard , Tu Xinquan , Ngozi Okonjo Iweala , China Institute , Xinhua News Agency , World Trade Organization , University Of International Business , China Society For World Trade Organization , Ministry Of Commerce On , General Ngozi Okonjo Iweala , Xinhua News , International Business , Beijing Based China Society , World Trade Organization Studies , Director General , ஒன்றுபட்டது மாநிலங்களில் , கோஸ்டா ரிக்கா , அனபெல் கோன்சலஸ் , ஏஞ்சலா எல்லார்ட் , சீனா நிறுவனம் ,