AML / KYC

AUSTRAC Accepts Enforceable Undertaking from Perth Mint

23/11/2023

The enforceable undertaking binds Gold Corporation to completing its AML/CTF remediation programme by 30 April 2025.

Fintech / Regtech

HKMA, Abu Dhabi FSRA to Enhance Fintech Collaboration

23/11/2023

The regulators will explore PoC projects to connect HKMA’s CDI platform to ADGM’s SME Financing Platform.

AML / KYC

SFC Fines Lion Futures for AML Non-Compliance

23/11/2023

Lion Futures is the 7th firm to be fined over the use of software that allows Mainland investors to trade without opening a local securities account in Hong Kong.

Enforcement

Crypto Firm Bittrex Global Announces Decision to Cease Operations

22/11/2023

While Bittrex Global did not specify a reason for the decision, regulatory uncertainty is seen as the biggest factor.

ESG / Sustainability

Australia to Restructure Regulatory Bodies for Financial Reporting

21/11/2023

The three regulatory bodies that oversee financial reporting and set reporting standards will be combined into a single entity.

Market Infrastructure

HKMA Considers How Banks Will Support Stock Trading During Typhoons

21/11/2023

Banks would need to upgrade their systems to cope with a “potential new clearing arrangement for cheque payments”.

Market Infrastructure

Australia Consults on Options for Reforming Merger Rules

20/11/2023

Treasurer Jim Chalmers said any changes to merger rules would be about “delivering greater benefits to the economy and to consumers, and providing certainty to business”.

Market Infrastructure

ASX Picks TATA, Accenture To Deliver CHESS Replacement

20/11/2023

ASX says it selected TCS and Accenture after extensive evaluation of potential solution options and product vendors.

Enforcement

ASIC is Targeting Misconduct in Superannuation Sector

16/11/2023

ASIC says it will take strong, targeted enforcement action in relation to “member services failures in the super sector”.