All posts tagged "James Greig"
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96Australia & NZNZ FMA Censures Jarden Securities for Client Money Breaches
OM Financial, which amalgamated with Jarden in March 2021, transfered its own money into the trust account designated to hold investor money.
October 19, 2021 -
134Australia & NZ
New Zealand FMA Censures Derivatives Issuer FIRMA NZ
Firma NZ failed to conduct product suitability tests for clients and to regularly provide statements to investors. The contraventions were "persistent and systemic".
October 12, 2021 -
154AML / KYC
NZ FMA Toughens Approach to AML Non-Compliance
The FMA's James Greig noted a lower tolerance for AML/CFT non-compliance, given the regime has been in place for eight years.
October 1, 2021 -
203AML / KYCFMA Identifies AML Breaches by Investment Platform Sharesies
The FMA has ordered Sharesies to amend its onboarding process and implement a process to complete identity verification at onboarding.
August 24, 2021 -
109Australia & NZ
NZ FMA Issues Cyber Resilience Guidance for Financial Advisers
Under New Zealand's new financial advice regime, many individuals and entities have not previously been subject to compliance obligations for cybersecurity.
July 30, 2021 -
115Australia & NZ
NZ FMA Censures FoxPlan Over Unpermitted Financial Advice
FoxPlan representatives misrepresented to clients that they were an authorised financial advisers or financial planners when they were not.
July 29, 2021 -
115Australia & NZ
NZ FMA Cancels Fund Manager Licence for ‘Material’ Breaches
Fund Managers Otago incorrectly calculated and disclosed returns in fund updates and entered into prohibited related party transactions, among other breaches.
July 11, 2021 -
1.1KAustralia & NZ
New Zealand FMA Appoints KPMG as Temporary Manager
This is the first time the FMA has used its power to appoint a temporary manager, after the previous manager was removed over governance issues.
November 7, 2020 -
1.0KAML / KYCTiger Brokers NZ, Six Others Get Formal Warning for AML Failures
A public warning was issued to NZX-accredited Tiger Brokers, and six additional private warnings unnamed businesses or individuals.
April 7, 2020
