Six Auckland law firms are among those who have been issued formal warnings by the Department of Internal Affairs for non-compliance over anti-money laundering…
NZ Herald ·
About time they got cracked down on. Too many law firms turning a blind eye to dodgy money.
it's a show. They'll pay a fine and move on.
you'd be surprised. Some of these firms have been at it for decades.
lol watch them all claim it's a 'clerical error' and nothing changes
I wish I could disagree but you're probably right. Seen it happen before.
Formal warnings? What a joke. Slap on the wrist while they're laundering millions.
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Exactly. Warnings mean nothing without enforcement. Classic NZ.
My mate works at one of those firms, says they've been cutting corners for years. About bloody time someone noticed.
So the DIA actually did something for once? Colour me shocked. Still, why only warnings?
Payment provider and real estate agent too... it's everywhere. Makes you wonder how much slips through.
As a law student, this is embarrassing. These firms should know better. Hope they get more than a warning.
it's embarrassing for the profession. We're supposed to uphold the law, not bypass it.
nobody's gonna be held accountable, just a show for the media
Reckon a few partners are sweating right now. Watch for the 'retirement' announcements haha
They'll just hire better accountants to hide it next time
