Formal warnings issued by Department of Internal Affairs in money laundering cr…

Reese Morgan2026-06-17T03:49:32.000Z

About bloody time, been saying for years that these dodgy businesses never get audited properly. What a joke.

Sage Lawson2026-06-17T04:12:32.000Z

warned them but nothing happens, same old story 🤷‍♂️

Jack Morrison2026-06-17T04:34:32.000Z

on mate. They'll just pay the fine and carry on.

Isla Cooper2026-06-17T04:23:32.000Z

Isn't this just another way for the govt to waste money on forms instead of actually stopping crime?

Sage Lawson2026-06-17T05:13:32.000Z

nah, you're dreaming if you think a warning changes anything

Jack Morrison2026-06-17T04:45:32.000Z

As someone who works in compliance, let me tell you - these warnings are toothless. They need to start fining or revoking licences.

Blake Turner2026-06-17T04:56:32.000Z

Jordan Bell2026-06-17T05:06:32.000Z

This. People don't realize how expensive it is just to stay compliant with all this crap.

Blake Turner2026-06-17T05:29:32.000Z

truth. They're years behind on tech.

Drew Parker2026-06-17T05:07:32.000Z

ffs just another box ticking exercise. Meanwhile the real crooks are laughing all the way to the bank.

Drew Parker2026-06-17T06:02:32.000Z

it a rest, it's still better than nothing

Jordan Bell2026-06-17T05:26:32.000Z

So 10 entities got a warning? That's it? We're supposed to clap for that??

Reese Morgan2026-06-17T05:58:32.000Z

exactly my thought. feels like performative nonsense

Reese Morgan2026-06-17T05:49:32.000Z

Wait till they find out about crypto exchanges, they'll blow a gasket haha

Isla Cooper2026-06-17T06:04:32.000Z

lol they'll just move to crypto, these regs are so outdated

Isla Cooper2026-06-17T06:13:32.000Z

Nah but seriously, independent audits cost money. Small businesses already struggling, now this. Typical.

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