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Three New Zealand bank penalties send a clear warning on AML

Editor
5 Nov, 2026
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Warwick Ponder
Editor
5 Nov, 2026
Add us as a preferred source on Google
Co-operative Bank, Commonwealth Bank’s ASB and TSB have been penalised NZ$11.7 million for AML failures, exposing gaps in transaction monitoring, investigations and the response to known problems.
Three New Zealand bank penalties send a clear warning on AML
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Co-operative Bank, Commonwealth Bank’s ASB and TSB have been penalised NZ$11.7 million for AML failures, exposing gaps in transaction monitoring, investigations and the response to known problems.

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