{"id":474006,"date":"2026-06-12T16:29:11","date_gmt":"2026-06-12T16:29:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/474006\/"},"modified":"2026-06-12T16:29:11","modified_gmt":"2026-06-12T16:29:11","slug":"news-asb-bank-fined-record-6-7m-for-breaching-new-zealands-aml-laws","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/474006\/","title":{"rendered":"NEWS: ASB Bank fined record $6.7m for breaching New Zealand\u2019s AML laws"},"content":{"rendered":"<p>By PAUL O\u2019DONOGHUE, Senior Correspondent<\/p>\n<p>ASB Bank has been ordered to pay NZ$6.7 million ($3.9 million) after admitting seven breaches of New Zealand\u2019s anti-money laundering laws. <\/p>\n<p>The penalty is the largest ever imposed by a New Zealand court for AML failures.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/06\/phone-tablet-desktop.png\" alt=\"AML Intelligence\" data-pagespeed-url-hash=\"1034874810\" onload=\"pagespeed.CriticalImages.checkImageForCriticality(this);\"\/><br \/>\nSubscribe now to have unlimited access<\/p>\n<p class=\"amlpmp-content-message__description\">With our membership subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines &amp; Penalties database, free access to Boardroom Series and more!<\/p>\n<p><a class=\"amlpmp-content-message__button amlpmp-content-message__button--primary\" href=\"https:\/\/www.amlintelligence.com\/membership-account\/membership-levels\" rel=\"nofollow noopener\" target=\"_blank\">View subscription options<\/a><a class=\"amlpmp-content-message__button amlpmp-content-message__button--transparent\" href=\"https:\/\/www.amlintelligence.com\/login\" rel=\"nofollow noopener\" target=\"_blank\">If you have an account, log in<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"By PAUL O\u2019DONOGHUE, Senior Correspondent ASB Bank has been ordered to pay NZ$6.7 million ($3.9 million) after admitting&hellip;\n","protected":false},"author":2,"featured_media":474007,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[212168,239044,111,43,139,69,239045],"class_list":["post-474006","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-zealand","tag-aml","tag-asb-bank","tag-new-zealand","tag-news","tag-newzealand","tag-nz","tag-reserve-bank-new-zealand"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/474006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=474006"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/474006\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/474007"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=474006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=474006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=474006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}