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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ASB is facing a fine of around $6 million for breaching anti-money laundering rules.&nbsp;
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.&nbsp;
NZ Herald Wellington business editor Jenee Tibshraeny explained further.
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 facing a $6 million dollar fine for breaching anti-money laundering rules

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/91753c4b-ee8f-4e7b-a98d-b41f00758ad0/transcript

Spain's Supreme Court has ruled that a man kissing the hand of a woman without her consent can constitute sexual assault.

This follows an incident from 2023, where a man approached a woman in Madrid, kissed her hand and made gestures to suggest she follow him and that he would pay her.

UK correspondent Gavin Grey explained further. 

LISTEN ABOVE

Spain's Supreme Court has ruled that a man kissing the hand of a woman without her consent can constitute sexual assault.
This follows an incident from 2023, where a man approached a woman in Madrid, kissed her hand and made gestures to suggest she follow him and that he would pay her.
UK correspondent Gavin Grey explained further.&nbsp;
LISTEN ABOVE

Gavin Grey: UK correspondent on Spain's Supreme Court ruling kissing a woman's hand can be sexual assault

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/3836230d-1582-46fd-b421-b41f0078b433/transcript

After multiple delays, Kathmandu’s parent KMD Brands filed its half-year results, revealing details of a discounted capital raise and news that chairman David Kirk is stepping down.

The company, which owns outdoor brands Kathmandu, Rip Curl and Oboz, reported a net loss of $13.1 million, sparking concerns among investors. 

Milford Asset Management expert Jeremy Hutton explained further.

LISTEN ABOVE

After multiple delays, Kathmandu’s parent KMD Brands filed its half-year results, revealing details of a discounted capital raise and news that chairman David Kirk is stepping down.
The company, which owns outdoor brands Kathmandu, Rip Curl and Oboz, reported a net loss of $13.1 million, sparking concerns among investors.&nbsp;
Milford Asset Management expert Jeremy Hutton explained further.
LISTEN ABOVE

Jeremy Hutton: Milford Asset Management expert on KMD Brands announcing an equity raise drive following multimillion-dollar loss

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/34b7cba5-64a3-44c7-a5d2-b41f007305da/transcript

Allbirds, the eco-chic footwear brand co-founded by former All White Tim Brown, has agreed to sell its 'intellectual property and certain other assets' to American Exchange Group.

The brand will be sold for an estimated value of $68 million NZD - a fraction of the company's original net worth.

NZ Herald senior business writer Chris Keall says the company's been in decline for years - with too many key factors going wrong. 

"The overarching thing is that it's never been able to make a profit, but it's making sustainable shoes from New Zealand merino wool and recycled materials - but not at a sustainable price."

LISTEN ABOVE

Allbirds, the eco-chic footwear brand co-founded by former All White Tim Brown, has agreed to sell its 'intellectual property and certain other assets' to American Exchange Group.
The brand will be sold for an estimated value of $68 million NZD - a fraction of the company's original net worth.
NZ Herald senior business writer Chris Keall says the company's been in decline for years - with too many key factors going wrong.&nbsp;
"The overarching thing is that it's never been able to make a profit, but it's making sustainable shoes from New Zealand merino wool and recycled materials - but not at a sustainable price."
LISTEN ABOVE

Chris Keall: NZ Herald senior business writer on the rise and fall of Allbirds

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a72031c2-d961-4392-90da-b41f006fa1e7/transcript

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

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