Australia

    image

    Capital / Liquidity

    APRA Directs Banks to Declare Links to Crypto Firms

    By Sanday Chongo Kabange | 23/03/2023

    APRA has asked banks to declare and report their business ties to crypto firms and start-ups, which worry increased supervision will make it harder to access financial services.

    image

    Sanctions

    US, UK, EU and Australia Target Iran With New Sanctions

    By Editors | 22/03/2023

    The sanctions were imposed for human rights abuses and violations as well as the production and supply of drones to Russia.

    image

    Enforcement

    Australia Jails Lawyer for 12 Years in Tax Fraud Case

    By Editors | 22/03/2023

    The lawyer allowed proceeds of crime to be received and transferred out of his legal practice’s trust account.

    image

    Crypto / Digital Assets

    Mastercard Working on Integration to Enable Stablecoin Spending

    By Sanday Chongo Kabange | 21/03/2023

    The Mastercard-Stables project will allow users to spend stablecoin balances on everyday purchases without first converting it to fiat.

    image

    AML / KYC

    Star Entertainment Admits to Breaking QLD Casino Laws

    By Editors | 20/03/2023

    Star pleaded guilty to seven charges of allowing customers to buy chips with credit cards at its Queensland casinos.

    image

    New Zealand Financial Advice Regime Takes Full Effect

    By Sanday Chongo Kabange | 20/03/2023

    Transitional licences have expired. All advisers must now hold or operate under a full licence to provide regulated financial advice to retail clients.

    image

    Enforcement

    AFP Seizes Over A$250m from Money Launderers

    By Editors | 18/03/2023

    A new taskforce has seized over AUD 250 million in cash and assets from money launderers since December 2022.

    image

    Market Infrastructure

    ASX Forms New Unit to Focus on Technology & Data

    By Sanday Chongo Kabange | 18/03/2023

    ASX says the introduction of a CIO role and the creation of a new technology unit will allow a greater focus of efforts on data and technology innovation.

    image

    AML / KYC

    AUSTRAC Accepts Enforceable Undertaking from PayPal

    By Editors | 17/03/2023

    AUSTRAC says PayPal has cooperated with an enforcement investigation that commenced in December 2020, related to IFTI reporting.

    image

    Capital / Liquidity

    Australian Regulators to Intensify Banking Sector Supervision

    By Sanday Chongo Kabange | 17/03/2023

    The CFR will monitor the fallout from the collapse of US banks through ‘intensive supervision’ of Australia’s banking system.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team