Formal warnings under section 80 of the Act are issued to reporting entities (including public warnings), for breaches of the Act. To date public warnings have been issued to the reporting entities listed here:
The Financial Markets Authority (FMA) has issued a formal warning to a non-licensed derivatives issuer and forex provider, Circle Markets Limited, under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT).
The Financial Markets Authority has issued a formal warning to Craigs Investment Partners Limited under section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. Read more.