NEWS

ANZ Charged For Failing To Verify Identity Of Customers

The Director of Public Prosecutions, Mr Christopher Pryde, has approved charges against a financial institution under the Financial Transactions Reporting Act 2004. The Australia and New Zealand Banking Group Limited (ANZ)
26 May 2016 16:12
ANZ Charged For Failing To Verify Identity Of Customers
ANZ

The Director of Public Prosecutions, Mr Christopher Pryde, has approved charges against a financial institution under the Financial Transactions Reporting Act 2004.

The Australia and New Zealand Banking Group Limited (ANZ) is charged with two counts offailure to verify customer identities contrary to section 4(1) and 39 of the Financial Transactions Reporting Act 2004.

It is alleged that the ANZ failed to verify and properly identify two customers of the bank and established two bank accounts without proper verification of the customer’s identities.

The matter will be called on 7 July 2016 for First Call at the Suva Magistrates’ Court

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