Australia

    AML / KYC

    Australian Federal Police Sets Sights on Italian Crime Groups

    By Editors | 15/06/2022

    Australian Police will use data obtained during Operation Ironside to target Italian organised crime syndicates for drug trafficking and money laundering.

    Market Infrastructure

    ASX Consults on Fallbacks for 90 Day Bank Bill Futures

    By Editors | 15/06/2022

    ASX says the inclusion of fallback provisions in contractual documentation will provide contractual and risk management certainty.

    Capital / Liquidity

    APRA Finalises Framework for Limiting Risky Mortgage Lending

    By Editors | 15/06/2022

    Lenders must ensure they are operationally ready by September to implement loan limits based on DTI multiples or LTV ratios.

    Crypto / Digital Assets

    Australia: New Govt to Push Ahead with BNPL, Crypto Regulation

    By Editors | 14/06/2022

    The government will also continue a consultation process started by Josh Frydenberg on a regulatory framework for the crypto sector.

    Securities / Derivatives

    ASIC Issues New Guidance on Prevent Greenwashing in Funds

    By Manesh Samtani | 14/06/2022

    Being ‘true to label’ is a regulatory must-have when it comes to sustainability-related products, says ASIC deputy chair Karen Chester.

    Enforcement

    Contracts for Difference: Playing with Fire

    By Emma Parry | 13/06/2022

    Increased regulatory scrutiny of CFDs highlights the need for a renewed focus on financial literacy and investor education, says Emma Parry.

    Securities / Derivatives

    RBNZ to Start Unloading Government Bond Holdings in July

    By Editors | 12/06/2022

    The RBNZ has accumulated government bonds worth NZD 53 billion through a quantitative easing programme that began in 2020.

    Enforcement

    ASIC Issues Guidance on Financial Adviser Warnings, Reprimands

    By Editors | 12/06/2022

    ASIC can issue a warning or reprimand to a financial adviser in circumstances where it does not plan to take stronger enforcement action.

    Enforcement

    ASIC Sues Payday Lender Over ‘Prohibited’ Fees

    By Editors | 09/06/2022

    The case involves over 670,000 contracts entered into by Sunshine Loans that included an amendment or rescheduling fee that is not permitted.

    RBA Raises Interest Rates the Most in 22 Years

    By Editors | 09/06/2022

    Australian Treasurer Jim Chalmers suggested that inflation could worsen and more rate hikes could come.

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