Tom RaynelMultimedia Business Reporter·NZ Herald·27 May, 2026 11:19 PM3 mins to readThe Reserve Bank has filed civil proceedings in Wellington against The Co-operative Bank.The Reserve Bank of New Zealand has filed civil proceedings in the Wellington High Court against The Co-operative Bank for breaches under the Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT) 2009.
The Reserve Bank claims The Co-operative Bank breached three core requirements dating back to 2020, including ensuring
