Australia

Securities / Derivatives

Australian Treasury Orders Chinese Investors to Sell Shares

By Editors | 04/06/2024

China-linked investors were ordered to dispose of shares in rare earths miner Northern Minerals on national interest grounds.

Fintech / Regtech

CBA, JPM to Pilot Cross-border Bank Account Validation

By Nithya Subramanian | 04/06/2024

CBA’s pilot involves the sharing of limited payee account data through its NameCheck technology on JP Morgan’s Liink network.

Market Infrastructure

APRA Identifies Common Gaps in Data Backup Practices

By Sanday Chongo Kabange | 03/06/2024

APRA outlined some common issues and directed regulated entities to review their backup arrangements and address identified gaps promptly.

AML / KYC

AUSTRAC Accepts Enforceable Undertaking from Sportsbet

By Sanday Chongo Kabange | 30/05/2024

The undertaking binds the online betting company to an ongoing remedial action plan to improve its AML/CTF programme.

AML / KYC

ASIC to Launch New Professional Registers Search in June

By Sanday Chongo Kabange | 30/05/2024

The platform will allow users to search for a licence or registration across multiple registers with a single search.

Enforcement

Former NZ CEO Fined Over Anonymous Online Posts

By Sanday Chongo Kabange | 29/05/2024

The former CEO made false and misleading representations online purportedly to manipulate NZX-listed New Talisman Gold Mines.

ESG / Sustainability

Australia Consults on Sustainable Finance Taxonomy

By ESG Investor | 29/05/2024

The taxonomy will support Australia to play a stronger international role on sustainable finance, said Kristy Graham, CEO of the ASFI.

Capital / Liquidity

RBNZ to Apply New Mortgage Lending Limits from 1 July

By Nithya Subramanian | 28/05/2024

The RBNZ said the new DTI and LVR restrictions act as guardrails to reduce the build-up of high-risk lending in the system.

Enforcement

APRA Imposes Additional Licence Conditions on Mercer Super

By Sanday Chongo Kabange | 28/05/2024

APRA has imposed additional licence conditions on Mercer Super in response to risk management and compliance deficiencies.