Australia

Enforcement

Australia Proposes Reforms After PwC Tax Leak Scandal

By Sanday Chongo Kabange | 21/09/2023

Australia has commenced consultations on draft legislation to strengthening the integrity of the tax system and increasing the power of regulators.

AML / KYC

Australia Consults on Bill to Expand Digital ID System

By Mark Johnston | 19/09/2023

The bill would allow myGovID to be used in the private sector, and allow accredited private sector IDs to be used for some government services.

Michele Bullock Begins Term as New RBA Governor

By Editors | 19/09/2023

Bullock will have to work on shoring up the RBA’s credibility and implementing the central bank’s biggest overhaul since the 1990s.

AML / KYC

NZ Banks Pledge New Measures to Combat Scams

By Sanday Chongo Kabange | 18/09/2023

The measures include the establishment of a national Anti-Scam Centre and the introduction of a ‘confirmation of payee’ account name checking service.

Sanctions

US and Allies Impose New Wave of Sanctions Against Iran

By Editors | 18/09/2023

The sanctions by the US, UK, Canada and Australia come one year after the death of Mahsa Amini while in the custody of Iran’s Morality Police.

AML / KYC

Australia Introduces Identity Verification Services Bill to Parliament

By Editors | 17/09/2023

The government said the bill strikes “the right balance between achieving fast and convenient identity verification and maintaining strong standards of privacy and security.

Australia to Ban Credit Card, Digital Currency Use for Online Gambling

By Editors | 14/09/2023

The  bill will make it illegal for online gambling companies to accept credit cards, credit related products and digital currency as payment methods for online gambling.

Market Infrastructure

NZX Consults On Introduction of Exchange-delivered Dark Pool

By Sanday Chongo Kabange | 14/09/2023

‘NZX Dark’ will provide an alternative venue for investors to execute large transactions with anonymity and price improvement.

Crypto / Digital Assets

HKMA, Central Banks to Beta Test CBDC Interoperability Solution

By Editors | 14/09/2023

New use cases for the solution, developed by Swift, are also being tested in a new sandbox environment by the RBA, BOT, CLS and other institutions.