Department takes enforcement action against Qian DuoDuo Limited
11 May 2021
On the 4th May the Auckland High Court granted an interim injunction as a result of suspected breaches of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (Act) to prevent Qian DuoDuo Limited an Auckland based remittance business from acting as a reporting entity. The injunction also prevents its director Ms Ye Hua being a senior manager or a compliance officer in a reporting entity. As this matter is now before the court the Department cannot comment further.
