Brief: CLSA Premium Gets Claim Against Unit Over Alleged NZ Anti-Money Laundering Breaches

Top Eminent Healthcare

24/06/2020 05:52

June 24 (Reuters) - CLSA Premium Ltd  6877.HK :
    * APPLICATION BEEN MADE BY CO TO STOCK EXCHANGE FOR TRADING
IN
SHARES OF CO TO RESUME FROM 1:00 P.M. ON 24 JUNE
    * UNIT RECEIVED A STATEMENT OF CLAIM FILED BY FINANCIAL
MARKETS
AUTHORITY OF NEW ZEALAND
    * CLAIM FOR ALLEGED BREACHES OF ANTI-MONEY LAUNDERING AND
COUNTERING FINANCING OF TERRORISM ACT BY UNIT
    * FMA ALLEGED BETWEEN APR 2015-NOV 2018, UNIT FAILED ON MANY
OCCASIONS TO CONDUCT SUFFICIENT CUSTOMER DUE DILIGENCE IN
ACCORDANCE WITH ACT
    * FMA IS SEEKING A PECUNIARY PENALTY AGAINST UNIT AND COSTS
UNDER
PROCEEDINGS
    * CO IS CURRENTLY SEEKING LEGAL ADVICE IN RESPECT OF
FOREGOING
    * LICENCE OF UNIT IS NOT BEING IMPACTED BY PROCEEDINGS

Source text for Eikon:  ID:nHKS4q68nR 
Further company coverage:  6877.HK 

 ((Reuters.Briefs@thomsonreuters.com;))