Page last updated: 09 September 2024

Media releases – 2016

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10 formal AML/CFT warnings issued by FMA

The Financial Markets Authority (FMA) has issued formal warnings to 10 reporting entities under Section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act). Read more.

Company convicted for abuse of the FSPR

Morgan DeVere Corporate Finance Limited (Morgan DeVere) has been convicted at the Wellington District Court on two counts of breaching the Financial Services Providers Act 2008 (FSP Act) for falsely claiming it was registered on the Financial Services Providers Register (FSPR). A copy of the judgment can be found here. Read more.

Director sentenced to community service for abuse of FSPR

A New Zealand-based director of Morgan DeVere Corporate Finance Limited has been sentenced to 75 hours of community service for breaching the Financial Service Providers (Registration and Dispute Resolution) Act 2008. Read more.

FMA files civil proceedings over trading in Oceania Natural

The FMA has issued civil proceedings in the High Court against four individuals in relation to trading in Oceania Natural Limited. The proceedings relate to alleged breaches of market manipulation prohibitions and the disclosure obligations in the Financial Markets Conduct Act 2013. Read more.

Statement on ANZ v FMA Supreme Court judgment

The FMA is pleased with the Supreme Court decision in the matter between ANZ and the FMA. Read more.

Former CFO to pay $150,000, barred for Securities Markets Act breaches

Mr Talbot has admitted to insider trading conduct and entered a guilty plea on a representative charge for a breach of disclosure obligations at Auckland High Court last month. Read more

Update on FMA/RBNZ Bank Conduct and Culture review

Today the Reserve Bank of New Zealand and the FMA confirmed that all 11 banks involved in their ongoing review of conduct and culture, have provided their responses to individual feedback letters. Read more

AML/CFT monitoring report highlights concerns, sets out future focus

The Financial Markets Authority (FMA) has published an Anti-Money Laundering and Countering the financing of terrorism (AML/CFT) monitoring report setting out the areas requiring further attention by the management and boards of the reporting entities it supervises. Read more.

FADC Findings published

The Financial Advisers Disciplinary Committee (FADC) has published its findings in a case referred to the Committee by the FMA. Read more.

Professional Conduct Committee of Chartered Accountants Australia New Zealand findings

The Professional Conduct Committee of the Chartered Accountants Australia New Zealand (CA ANZ) has published its findings in relation to Richard Owen Dey and Michael Derek Wood. Read the findings here.

FMA confirms new appointments to executive committee

The Financial Markets Authority (FMA) today confirmed two new appointments to its Executive Committee. Read more.

Trio sentenced for theft, false statement by a promoter in Viaduct Capital & Mutual Finance case

One man has been jailed and two men sentenced to home detention at the Auckland High Court for their part in using finance companies to try to save commercial businesses during the global financial crisis. Read more.

FMA publishes guide to shares for investors

The FMA has published a guide for investors on the nuts and bolts of choosing, buying, owning and selling shares. Read more.

Expiry dates on all Financial Markets Conduct Act licences to be removed

The Financial Markets Authority (FMA) is to remove the expiry dates for all licences issued under the Financial Markets Conduct Act 2013 in a process expected to be complete by the middle of 2019. Read more here.

Appeal court judgment in ANZ Bank New Zealand v Financial Markets Authority

The court of Appeal has allowed an appeal by the FMA in the matter of ANZ Bank New Zealand (ANZ) v Financial Markets Authority (FMA). Read more here.

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Media releases – 2016