NZ Regulatory Body Launches Forex Probe as Scope of Allegations Widens (ILLEGAL CURRENCY MANIPULATION)
by Jeff Patterson in Breaking News,Regulation
nz The widening scope of a global forex investigation has now extended to New Zealand, as the country’s Commerce Commission has announced the launch of a probe into the manipulation of currency rates.
The regulatory announcement comes a little over a week after the Australian Securities and Investment Commission (ASIC) began its own such investigation into what has thus far amounted into currency fixing allegations. The extension of these probes into antipodean markets represents a truly global phenomenon, specifically after a litany of violations across Europe and the United States – New Zealand’s Commerce Commission represents the country’s paramount oversight committee and the newest regulatory body to open up an
The regulatory announcement comes a little over a week after the Australian Securities and Investment Commission (ASIC) began its own such investigation into what has thus far amounted into currency fixing allegations. The extension of these probes into antipodean markets represents a truly global phenomenon, specifically after a litany of violations across Europe and the United States – New Zealand’s Commerce Commission represents the country’s paramount oversight committee and the newest regulatory body to open up an