Reserve Bank settles AML court action against TSB bank
![Reserve Bank settles AML court action against TSB bank Reserve Bank settles AML court action against TSB bank](https://law-strategy.nz/wp-content/uploads/2020/07/Notes-710x300.jpg)
The Reserve Bank of NZ negotiated an agreed settlement to the TSB Bank AML case, the first enforcement action by RBNZ. In New Zealand an Anti-Money Laundering Supervisor cannot impose its own penalty, it must approach the High Court