New Zealand's Department of Internal Affairs (DIA) issued a formal warning to Mr Javad Hajiebrahimi, trading as Bumbusly, after finding breaches of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 affecting its Christchurch money remittance service. An on-site inspection in August 2024 found Bumbusly had not established, implemented and maintained an AML/CFT programme or completed a compliant risk assessment. DIA also identified deficiencies in customer due diligence, account monitoring and reporting (including failures to report transactions to the Police’s Financial Intelligence Unit), and recordkeeping. DIA stated that Bumbusly must take immediate action to comply and that it will continue to monitor compliance, with further enforcement action possible if necessary. DIA noted Bumbusly is not alleged to be directly involved in money laundering or terrorism financing.
Department of Internal Affairs 2025-05-30
New Zealand's Department of Internal Affairs issues formal warning to money remitter Bumbusly for AML/CFT breaches
New Zealand's Department of Internal Affairs warned Mr. Javad Hajiebrahimi, trading as Bumbusly, for breaching the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. An August 2024 inspection found Bumbusly lacked an AML/CFT programme and compliant risk assessment, with deficiencies in customer due diligence, account monitoring, reporting, and recordkeeping. DIA demands immediate compliance and will continue monitoring, with further enforcement possible. Bumbusly is not alleged to be directly involved in money laundering or terrorism financing.