'Sovereign Global Bank of Aotearoa' Notice

Date
17 September 2012
Type
Notice

Notice: ‘Sovereign Global Bank of Aotearoa’

This organisation trades using the website:

http://www.sgba.biz/

This organisation is not licensed or prudentially supervised by the Reserve Bank of New Zealand or any other New Zealand authority. It is not authorised to provide banking services, nor is it formed as “the Maori central bank” in New Zealand as claimed on its website – no such type of entity is recognised either under New Zealand law, or as having any official function. Use of the name ‘Sovereign Global Bank of Aotearoa’ is not permitted by the Reserve Bank of New Zealand and is in breach of the Reserve Bank of New Zealand Act 1989.