Australia

AML / KYC

Australia Opens 2nd Consultation on ‘Tranche 2’ AML Reforms

By Manesh Samtani | 02/05/2024

The proposed reforms will extend the AML/CTF regime to cover Tranche 2 entities and a broader range of digital currency-related services.

Enforcement

QLD Police Charge Four for ‘Boiler Room’ Investment Fraud

By Sanday Chongo Kabange | 01/05/2024

Approximately 30 people were defrauded of over A$1.5 million between 2018 and 2021. Four people were arrested and charged.

Crypto / Digital Assets

ASX Expected to Approve More Bitcoin ETFs This Year – Report

By Nithya Subramanian | 30/04/2024

VanEck Associates, BetaShares, and local player DigitalX have lodged applications with ASX to list spot Bitcoin ETFs.

ESG / Sustainability

NZX Amends Listing Rules to Clarify Climate Disclosure Obligations

By Sanday Chongo Kabange | 29/04/2024

The amendments also introduce requirements for issuers to appoint authorised representatives and provide NZX with their contact details.

Crypto / Digital Assets

ATO Asks Crypto Firms to Hand Over User Data

By Sanday Chongo Kabange | 27/04/2024

The ATO says the data collection effort is to ensure that crypto traders are fulfilling their tax lodgment, reporting and payment obligations.

Australia: MFAA Issues Updated Advertising Guidelines

By Sanday Chongo Kabange | 26/04/2024

The updated guidelines are intended to facilitate compliance by members of the Mortgage and Finance Association of Australia.

Big Picture

RBNZ Issues Response to Banking Competition Study

By Mark Johnston | 25/04/2024

The RBNZ disagrees with a Commerce Commission recommendation that the prudential capital settings for banks should be reviewed.

Enforcement

Global Operation Takes Down ‘LabHost’ Cybercrime Service

By Mark Johnston | 25/04/2024

LabHost offered a service since 2021 that enabled over 10,000 cybercriminals to create fake websites and conduct phishing campaigns.

Big Picture

RBA Offers Analysis on Interlinking Fast Payment Systems

By Mark Johnston | 25/04/2024

The RBA’s analysis aims to inform future discussions about the potential for interlinking the NPP to fast payment systems in other countries.