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FMA Report: Lessons Learned From Barry Kloogh Ponzi

The FMA today published a report on the findings of its inquiries following the Barry Kloogh fraud. These inquiries focused on the services provided to Kloogh by third party market participants. Barry Kloogh was investigated and brought to trial .

Insurer to pay $180k for legal breaches connected to credit card-repayment insurance

Cigna New Zealand will pay $180,000 to the Financial Markets Authority after two life insurers it now owns admitted breaching the law in relation to credit

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