The High Court has ordered ASB Bank to pay $6.731 million for breaching anti-money laundering laws.

The penalty is the largest ever imposed by a New Zealand court under the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act 2009.

NZ Herald Wellington business editor Jenee Tibshraeny explained the case further - and whether it sets a precedent.

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The High Court has ordered ASB Bank to pay $6.731 million for breaching anti-money laundering laws.
The penalty is the largest ever imposed by a New Zealand court under the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act 2009.
NZ Herald Wellington business editor Jenee Tibshraeny explained the case further - and whether it sets a precedent.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Jenee Tibshraeny: NZ Herald Wellington business editor on ASB being ordered to pay $6.731 million for breaching anti-money laundering laws

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c710e190-d1cc-4048-bff9-b465007d8de8/transcript

A man believed to be Sudanese is set to appear in court charged with attempted murder after a 'brutal' knife attack in Belfast.

Video circulating online shows a number of people, including one wielding a hurling stick, confronting the apparent attacker until the police arrived.

The victim is in a serious condition in hospital.

UK correspondent Gavin Grey explained the case further.

LISTEN ABOVE

A man believed to be Sudanese is set to appear in court charged with attempted murder after a 'brutal' knife attack in Belfast.
Video circulating online shows a number of people, including one wielding a hurling stick, confronting the apparent attacker until the police arrived.
The victim is in a serious condition in hospital.
UK correspondent Gavin Grey explained the case further.
LISTEN ABOVE

Gavin Grey: UK correspondent on the latest with the Belfast knife attack

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/ed084d97-760c-4b16-9d8f-b465007f7a9e/transcript

Experts are warning investors to brace for a 'choppy' market in the tech sector.

Some of the US's leading chip companies have been getting some extra attention on them, as the market looks set to change. 

Milford Asset Management's Jeremy Hutton explained further.

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Experts are warning investors to brace for a 'choppy' market in the tech sector.
Some of the US's leading chip companies have been getting some extra attention on them, as the market looks set to change.&nbsp;
Milford Asset Management's Jeremy Hutton explained further.
LISTEN ABOVE

Jeremy Hutton: Milford Asset Management expert on the 'choppy' markets incoming for tech sector

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b8954322-1129-4aa3-a86a-b465007c5ccf/transcript

On the Heather du Plessis-Allan Drive Full Show Podcast with Andrew Dickens for Wednesday, 10 June, 2026, Labour Transport spokesman Tangi Utikere insists the party's got its numbers right with a plan to cap how much public transport users pay each week.

We talk to Remuneration Authority chair Geoff Summers on more than $300,000 being spent for former prime ministers to use Crown cars they barely call.

Stewart Island Rakiura Community Board chair Aaron Conner on why they can't wait for a solar farm to get up and running.

And on The Huddle, Jack Tame and Jordan Williams question why Labour's made its policy announcement in Auckland but is absent from Fieldays.

Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts.

LISTEN ABOVE

On the Heather du Plessis-Allan Drive Full Show Podcast with Andrew Dickens for Wednesday, 10 June, 2026, <a href="https://www.newstalkzb.co.nz/on-air/heather-du-plessis-allan-drive/audio/tangi-utikere-labour-transport-spokesperson-on-labours-plan-to-cap-public-transport-fares/">Labour Transport spokesman Tangi Utikere insists the party's got its numbers right with a plan to cap how much public transport users pay each week.</a>
We talk to Remuneration Authority chair <a href="https://www.newstalkzb.co.nz/on-air/heather-du-plessis-allan-drive/audio/geoff-summers-remuneration-authority-chair-on-the-govt-spending-300k-per-year-on-unused-limos-for-former-pms/">Geoff Summers on more than $300,000 being spent for former prime ministers to use Crown cars they barely call.</a>
Stewart Island Rakiura Community Board chair<a href="https://www.newstalkzb.co.nz/on-air/heather-du-plessis-allan-drive/audio/aaron-conner-stewart-island-community-board-chair-on-power-prices-potentially-going-up-in-stewart-island/"> Aaron Conner on why they can't wait for a solar farm to get up and running.</a>
And on The Huddle, Jack Tame and Jordan Williams <a href="https://www.newstalkzb.co.nz/on-air/heather-du-plessis-allan-drive/audio/the-huddle-why-didnt-labour-make-an-appearance-at-fieldays/">question why Labour's made its policy announcement in Auckland but is absent from Fieldays.</a>
Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts.
LISTEN ABOVE

Full Show Podcast: 10 June 2026 

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7a026433-e1b3-49d9-8bd7-b4650076ba64/transcript

Jenee Tibshraeny: NZ Herald Wellington business editor on ASB being ordered to pay $6.731 million for breaching anti-money laundering laws

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