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.
“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.