The bank cooperated with the investigation and admitted to all seven breaches.
26 minutes ago
ASB reached a settlement in December 2025.
ASB has been penalised a record $6.73 million for seven breaches of anti-money laundering and countering financing of terrorism law.
The fine was imposed by the High Court, following action by the Reserve Bank (RBNZ).
The penalty was first agreed to by the two parties after they reached a settlement in December 2025.
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The Reserve Bank says the penalty reflects the serious nature of ASB's non-compliance.
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