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Enforcement
Australian Court Fines Money Transfer Firm for Exchange Rate Fixing
By Editors | 18/06/2022
Four individuals were also sentenced to jail on criminal cartel charges, but they were released on good behaviour bonds.
Capital / Liquidity
New Zealand: Responsible Lending Rules to Change on 7 July
By Editors | 17/06/2022
Responsible lending laws introduced in December have been blamed for causing tighter credit conditions for New Zealand borrowers.
Market Infrastructure
ASIC Calls on Listed Companies to Bolster Cyber Resilience
By Sanday Chongo Kabange | 16/06/2022
Companies should review their cyber resilience settings and ensure detection, mitigation and response measures are adequate, says Greg Yanco.
Enforcement
NZ FMA Fines Cigna for ANZ Product Distribution Failures
By Editors | 15/06/2022
ANZ was fined last year for making misleading representations when distributing CCRI policies, many of which were issued by Cigna and OnePath.
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.
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