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

The UK inflation rate rose by 3.3 percent in the year to March, after the US-Israel war with Iran caused the largest jump in petrol and diesel prices in over three years.

The increase in the pace of price rises - up from 3 percent in the year to February - was in line with economists' expectations.

UK correspondent Gavin Grey explained further.

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The UK inflation rate rose by 3.3 percent in the year to March, after the US-Israel war with Iran caused the largest jump in petrol and diesel prices in over three years.
The increase in the pace of price rises - up from 3 percent in the year to February - was in line with economists' expectations.
UK correspondent Gavin Grey explained further.
LISTEN ABOVE

Gavin Grey: UK correspondent on the Middle East conflict driving up inflation

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a6d9e5eb-0853-4510-a23d-b434008b3941/transcript

Labour is still mulling whether to back the India free-trade agreement, despite it being set to be signed on Monday.

Speaking to the Herald after Labour’s caucus met on Tuesday, leader Chris Hipkins couldn’t say how close the party was to finalising its position on the agreement, but said it was continuing to talk to the Government “in good faith”.

NZ Herald Wellington business editor Jenee Tibshraeny explains further.

LISTEN ABOVE

Labour is still mulling whether to back the India free-trade agreement, despite it being set to be signed on Monday.
Speaking to the Herald after Labour’s caucus met on Tuesday, leader Chris Hipkins couldn’t say how close the party was to finalising its position on the agreement, but said it was continuing to talk to the Government “in good faith”.
NZ Herald Wellington business editor Jenee Tibshraeny explains further.
LISTEN ABOVE

Jenee Tibshraeny: NZ Herald Wellington business editor on Labour mulling over the India trade agreement

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/3a1ab785-0a3e-4d2a-aa65-b43400889cd9/transcript

The ongoing uncertainty about the Middle East conflict is impacting the markets, but there's some hope.

Initial ceasefire talk saw things pick up, but enthusiasm took a dive after the weekend.

Milford Asset Management's Remy Morgan explained further.

LISTEN ABOVE

The ongoing uncertainty about the Middle East conflict is impacting the markets, but there's some hope.
Initial ceasefire talk saw things pick up, but enthusiasm took a dive after the weekend.
Milford Asset Management's Remy Morgan explained further.
LISTEN ABOVE

Remy Morgan: Milford Asset Management expert on the global markets' response to the Iran ceasefire

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/90241146-a822-450b-8847-b4340087bde4/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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