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Money remitter failed to establish AML safeguards, New Zealand enforcer says

( May 30, 2025, 06:32 GMT | Official Statement) -- MLex Summary: A New Zealand-based money remitter has been issued with a formal warning over breaches of the country’s anti-money laundering laws. In a statement, New Zealand’s Department of Internal Affairs said that Javad Hajiebrahimi, trading as Bumbusly in the city of Christchurch, had failed to establish, implement and maintain an anti-money laundering and countering financing of terrorism program and to undertake a compliant risk assessment, as required under local AML laws. The department also found that Bumbusly had failed to adequately conduct customer due diligence, comply with account monitoring obligations and keep adequate records.The full statement from New Zealand's Department of Internal Affairs follows: ...

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