Compliance Radar

Who was sanctioned, and for what?

Fines, court rulings and incidents from Europe, North America and Asia-Pacific: 1,838 cases from 37 jurisdictions, each with an official source and checked against that source before publication. Filter by country, area of law and sector. Click a chart to drill down one level.

New Zealand Financial services and insurance NZForex Limited Clear all filters

1case from 1 jurisdiction

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Department of Internal Affairs (DIA) – 0 % · 1 case

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Money laundering and terrorist financing – 0 % · 1 case

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When?

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Trend
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Q1 2025	1	–
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1 case

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18 Mar 2025 NZForex LimitedNZForex: formal warning over 3,182 unreported transactions New ZealandMoney laundering and terrorist financing Reprimand or warning

The company disclosed to the DIA (Department of Internal Affairs, New Zealand's AML/CFT supervisor) that, because of a system error in its prescribed transaction reporting, 3,182 transactions not denominated in New Zealand dollars had not been reported to the Police Financial Intelligence Unit between November 2017 and February 2024. On 18 March 2025 the DIA issued a formal warning under the AML/CFT Act 2009 and, given the prompt voluntary disclosure, refrained from more serious action; NZForex must provide the final report of an independent audit and report on its remediation.

What organisations can take from it

Reporting processes for prescribed transactions need regular reconciliation so that system errors do not go unnoticed for years; early self-reporting can substantially reduce the sanction.

Relevance to training and awareness

Complete reporting of prescribed transactions to the FIU

Authority / court: Department of Internal Affairs (DIA)
Area of law: Money laundering and terrorist financing
Legal basis: Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (Meldung vorgeschriebener Transaktionen)
Action: Reprimand or warning
Status of proceedings: unknown
Sector: Financial services and insurance
Mitigating circumstances: Prompt voluntary disclosure, admission of fault, fixing the system error, reporting all outstanding transactions and a voluntary independent audit.
Published: 18 Mar 2025

Sources

Department of Internal Affairs: DIA issues formal warning to NZForex Limited for Anti-Money Laundering non-compliance (18.03.2025) Press release of an authority

Checked against the official source on 3 Oct 2026 · Direct link

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How the radar is compiled

Official sources only

Every case is based on a decision, press release or database of an authority or a court. Press and law-firm reports count at most as additional references.

Four-eyes check

Whoever enters a case may not approve it. A second, independent check compares company, date, amount and area of law with the source. Only then is the case published.

Comparable amounts

Amounts are converted at the ECB reference rate on the day of the decision. Each case also shows the original amount.

Corrections on record

A correction is a new version that is checked again. Every change is logged. You can report errors directly on each case.

Case texts are translated from the German original. Where a translation is not yet available, the German text is shown and marked “(German original)”. Names of authorities, laws and companies are given as in the source (company names until they are anonymised).

Company names are anonymised two years after the decision in a case, in line with the practice of many supervisory authorities. The official sources remain linked.

The radar reports on published decisions and is not legal advice. Decisions that are not yet final are marked as such where the status is known.

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