Financial Markets Authority & Serious Fraud Office formalise co-operation


Well this is very annoying.  I managed to delete the content of my own post, leaving only the heading…..just how I am not sure.

It was originally considerably longer than this, but essentially the SFO and FMA have worked out a Memorandum of Understanding, which you can read here.

It covers tactics, areas of primary responsibility, a media policy, confidentiality and other matters.

Comment from the FMA:

“FMA and the SFO have already shared resource and intelligence on a number of finance company investigations, including Dominion Finance, Belgrave Finance, and Hanover Finance.  Last month it was announced FMA would support the SFO’s case against five individuals involved with the affairs of South Canterbury Finance.”

We look forward to the reports on Hanover and further reports on South Canterbury with interest.  Strategic Finance are also due for some FMA conclusions.

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About Ivan McIntosh

I am a partner of Carter Atmore Law...residing in City Road just off the busy thoroughfare of Symonds Street, Auckland, New Zealand....where we are specialist business & property development lawyers, working for both local and international clients. Proud husband to Joanna, and dad to two sons. Passionate rugby supporter. Email: imcintosh@calaw.co.nz Ph: 64 9 921 5026
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