Inside the Tiny New Zealand Firm that Transferred Millions for High-Risk Clients
ID: 930389ef-3ed4-54a8-97af-0988eccd630a
STIX ID: report--930389ef-3ed4-54a8-97af-0988eccd630a
Date Published: 2026-05-10
Date Updated: 2026-05-11
Author: By: Dan McGarry (OCCRP), Emanuel Stoakes (OCCRP), Gareth Vaughan (Interest.co.nz), Mattias Carlsson (Expressen), Yana Mickevich and Dzmitry Charapahau (BIC), Karolis Jursys, Gabrielė Navickaitė and Jūratė Damulytė (15Min.lt)
Leaked internal Worldclear documents reveal the company relied on manual processes and third-party software to process roughly NZ$500m/year in payments while failing to maintain consistent customer due diligence and adequate AML controls; New Zealand’s Department of Internal Affairs issued remedial instructions after an on-site inspection but the firm later ceased operating and was not referred for prosecution within the statutory time limit.
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