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Found 2522 results. Displaying page 16 of 169

  1. 21 September 2021

    Review of credit card repayment insurance products

    In our 2019 Life Insurer Conduct and Culture review, we found that “certain products often provided poor value, and consequently poor outcomes for customers, because of limited benefits, and misunderstanding of coverage and eligibility”.
    We carried out this additional review to gain a better understanding of the suitability of CCRI for consumers.
    While most providers have withdrawn CCRI products from sale, there are still several hundred thousand existing policies, whose holders may not need or understand the product and are at risk of experiencing poor outcomes if they need to make a claim.
    Tags
    Roles, Financial Institutions, Business
    Type
    PDF, Report

  2. 15 November 2021

    Adler Acquisitions and Financial Services Inspectorate (Finansiell Tjänster Inspektorat)

    WARNING: The FMA received a complaint from a New Zealand resident who invested in shares with Adler Acquisition. Adler Acquisition issued the complainant a letter from Financial Services Inspectorate / Finansiell Tjänster Inspektorat, who purport to be a regulatory authority in Sweden, requesting the complainant make a payment to the regulator before the investor’s money can be released.
    Tags
    Fake regulator, Suspected scam, Consumer, Scams
    Type
    Page

  4. 23 June 2020

    CLSA Premium New Zealand Limited (CLSAP NZ)

    CLSA Premium New Zealand Limited (CLSAP NZ) was ordered to pay a total pecuniary penalty of $770,000 for breaches of the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act, following proceedings brought by the FMA.
    Tags
    Enforceable action, Court – civil, Licence conditions, Powers, Derivative Issuer, Roles, Business, Enforcement
    Type
    Page

  6. 10 December 2020

    Sophisticated gold scam targets Kiwi investors

    Sophisticated offshore scammers used radio ads and an 0800 number to dupe Kiwi investors and while one woman was warned off by her local bank, it’s feared others may have actually lost money.
    Tags
    Investing, Article, Consumer, Scams
    Type
    Page

  7. 7 December 2021

    AML/CFT risk ratings confirmed for sectors under FMA supervision

    A new report by the Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko - has found that derivatives issuers (DI’s) and cryptocurrency service providers are in the high risk category for meeting anti-money laundering and counter-terrorism financing obligations.
    Tags
    AML/CFT, Roles, Reporting entities, Cryptocurrencies, Media release, Business, News & Insights
    Type
    Page

  9. 27 August 2019

    Bay of Plenty women urged to take financial investing power into their own hands

    There is a large investing gap in New Zealand between men and women. As Mary Holm, one of New Zealand’s most trusted money experts says, “In many ways women are better investors than men. So how come we often end up with lower savings?”
    Tags
    Media release, Investing, Consumer, News & Insights
    Type
    Page

  10. 1 April 2019

    AML/CFT monitoring report highlights concerns, sets out future focus

    The Financial Markets Authority (FMA) has published an Anti-Money Laundering and Countering the financing of terrorism (AML/CFT) monitoring report setting out the areas requiring further attention by the management and boards of the reporting entities it supervises. Read more.
    Tags
    AML/CFT, Roles, Media release, Business, News & Insights
    Type
    Page

  11. 4 August 2022

    Consumer Experience with the Financial Sector Survey

    The Consumer Experience with the Financial Sector survey is our inaugural, nationally representative survey of New Zealand consumers. The FMA commissioned the survey to gain a comprehensive understanding of consumer experiences with the financial sector. The research reveals insights into the mindset and motivations of consumers as they manage their money and deal with financial services firms.
    Tags
    Crowdfunding providers, Derivative Issuer, Financial Advice Provider, Banking, Insurance Providers, Roles, Discretionary investment management scheme (DIMS), Financial Adviser, Offer information, Directors, Business, Managed investment schemes, Peer-to-peer lending service providers
    Type
    Page, Research

  13. 29 June 2023

    Tiger Brokers (NZ) Limited

    The Auckland High Court has ordered Tiger Brokers (NZ) Limited to pay $900,000 for breaching the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act 2009, in proceedings brought by the FMA.  
    Tags
    AML/CFT, Roles, Formal warning, Powers, Business, Enforcement
    Type
    Page

  14. 19 July 2019

    Financial Markets Conduct (Silver Chef Limited) Exemption Notice 2019

    Financial Markets Conduct (Silver Chef Limited) Exemption Notice exempts Silver Chef Limited, subject to conditions, from the disclosure and governance requirements of Parts 3 and 4 of the Financial Markets Conduct Act 2013 (the Act), in relation to an offer made in connection with an Australian scheme of arrangement involving the exchange of all Silver Chef shares from existing Silver Chef shareholders resident in New Zealand for a combination of a cash and contingent value notes.
    Tags
    Exemptions, Secondary legislation, Business
    Type
    Page

  15. 7 December 2021

    AML/CFT - Sector Risk Assessment

    Our AML/CFT SRA 2021 is an important document that provides general information and specific examples to assist reporting entities (REs) in the ten sectors we supervise for anti-money laundering and countering the financing of terrorism (AML/CFT). It will assist REs to prepare and review their individual assessments of the risks of AML/CFT under sections 58 and 59 of the AML/CFT Act.
    Tags
    AML/CFT, Roles, Reporting entities, Reports and Papers, Business
    Type
    Page, Report