Jenee Tibshraeny: NZ Herald Wellington business editor on ASB facing a $6 million dollar fine for breaching anti-money laundering rules

ASB is facing a fine of around $6 million for breaching anti-money laundering rules. 

Banks are required to do their due diligence with their money, in order to comply with existing legislation - but ASB hasn't followed the right systems. 

NZ Herald Wellington business editor Jenee Tibshraeny explained further.

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