Australia

AML / KYC

AUSTRAC Accepts Enforceable Undertaking from Perth Mint

By Sanday Chongo Kabange | 23/11/2023

The enforceable undertaking binds Gold Corporation to completing its AML/CTF remediation programme by 30 April 2025.

Market Infrastructure

Australia Issues Seven-Year National Cyber Security Strategy

By Manesh Samtani | 23/11/2023

Small businesses will be given cyber health checks, cyber law enforcement funding will increase, and mandatory reporting of ransomware attacks will be introduced.

Fintech / Regtech

Regulators Must Keep Pace with Technology to Manage Systemic Risks

By Nithya Subramanian | 23/11/2023

With frauds and crimes getting sophisticated, institutions and regulators need to assume an increased level of responsibility, said Deborah Young.

Crypto / Digital Assets

New Zealand Crypto Firm Launches NZD Stablecoin

By Editors | 23/11/2023

Easy Crypto and Labrys said the NZDD will be backed 1:1 with cash in trust and regulated by the FMA.

ESG / Sustainability

Australia to Restructure Regulatory Bodies for Financial Reporting

By Sanday Chongo Kabange | 21/11/2023

The three regulatory bodies that oversee financial reporting and set reporting standards will be combined into a single entity.

Market Infrastructure

Australia Consults on Options for Reforming Merger Rules

By Sanday Chongo Kabange | 20/11/2023

Treasurer Jim Chalmers said any changes to merger rules would be about “delivering greater benefits to the economy and to consumers, and providing certainty to business”.

Enforcement

Australia Introduces Bill to Address Tax Adviser Misconduct

By Editors | 20/11/2023

Assistant Treasurer Stephen Jones said the bill introduces the “biggest government crackdown on tax adviser misconduct in Australian history”.

Market Infrastructure

ASX Picks TATA, Accenture To Deliver CHESS Replacement

By Sanday Chongo Kabange | 20/11/2023

ASX says it selected TCS and Accenture after extensive evaluation of potential solution options and product vendors.

Australia Advances Bill to Enshrine Superannuation Objective in Law

By Editors | 19/11/2023

Treasurer Jim Chalmers said the bill will prevent government from raiding superannuation “for its own purposes” and help ensure a “dignified retirement for more Australians.”