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Australia
Australia to Continue Allowing Virtual Meetings, Digital Documents
By Sanday Chongo Kabange | 04/02/2025
Stephen Jones called on ASIC, ASX and industry bodies to issue guidance on appropriate conduct and use of technology at meetings
Sanctions
Australia Sanctions Online White Supremacist Network ‘Terrorgram’
By Editors | 04/02/2025
Australia sanctioned Terrorgram, four other entities that promote “violent extremist ideologies”, and the new leader of Hezbollah.
Capital / Liquidity
New Zealand: TSB Bank Calls for Fairer Capital Treatment
By Thisanka Siripala | 04/02/2025
TSB Bank executives say the current capital settings prevent smaller banks from competing with large banks
Enforcement
ASIC Commences Investigation into Dec 2024 Market Disruption
By Manesh Samtani | 04/02/2025
The investigation is looking into whether the market disruption at ASX constituted a breach of its obligations as a CS facility licensee.
AML / KYC
Big Four Australian Banks Start Using ConnectID System
By Thisanka Siripala | 04/02/2025
Over 10 million customers will be able to verify their identities using ConnectID without sharing unnecessary personal information
Australia to Review Compensation Scheme of Last Resort
By Thisanka Siripala | 03/02/2025
The review will address concerns that the scheme will largely be funded by financial advisers, which will increase the cost of financial advice for consumers.
Enforcement
Australian Federal Court Sides With APRA in BUSSQ Case
By Thisanka Siripala | 03/02/2025
BUSSQ had challenged APRA’s decision to require the firm to engage an independent expert to review its processes for assessing fitness and propriety
Australia to Introduce Mandatory Service Standards for Super Funds
By Thisanka Siripala | 02/02/2025
The standards will focus on improving how death benefit payouts are handled, how insurance claims are processed and how super funds communicate with members
Enforcement
Australia Identifies 5,000 Potential Victims of Romance Scams
By Sanday Chongo Kabange | 01/02/2025
The potential victims were identified from devices found by Philippine authorities at a Manila-based scam compound
APRA Publishes New Data on Super Fund Expenditures
By Thisanka Siripala | 31/01/2025
The data shows that Hostplus spending on sponsorships in the 2024 financial year made up 43% of what all super funds spent collectively.
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