Reserve Bank raises OCR to 2.75 percent
March 13th, 2014
The Reserve Bank today increased the OCR by 25 basis points to 2.75 percent. New Zealand’s economic expansion has considerable momentum, and growth is becoming more broad-based. GDP is estimated to have grown by 3.3 percent in the year ...
FMA warns firms under Anti-Money Laundering and Countering Financing of Terrorism Act
February 8th, 2017
The Financial Markets Authority (FMA) has issued a formal warning to 12 reporting entities under section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act (the Act). Under section 59(2) of the Act, the FMA required reporting ...