The Reserve Bank of New Zealand (RBNZ), the country’s central bank and prudential regulator, has launched civil proceedings in the Wellington High Court against The Co-operative Bank over three separate breaches of anti-money laundering obligations dating back to at least 2020. The legal action centres on failures within The Co-operative Bank’s AML/CFT programme under the [...] The post Co-operative Bank faces High Court over AML failures appeared first on FinTech Global .