A nationwide property-buying company has been issued with a formal anti-money laundering warning. Real estate agency Property Brokers failed to comply with Anti-Money Laundering and Countering Financing of Terrorism laws, the Department of Internal Affairs (DIA) said. Property Brokers, which had more than 80 branches around the country, and employed over 700 staff, helped people buy homes and commercial properties. “Our inspection of Property Brokers highlighted concerns, and we have a responsibility to act on these concerns. Property Brokers described itself as “experts in residential real estate sales” providing service and support to home buyers and sellers.

Source: Stuff March 01, 2021 00:00 UTC