Fraud, Scams & Cybercrime

ASIC Sues HSBC for Failing to Protect Customers from Scams

16/12/2024

ASIC says HSBC contravened the Corporations Act and Credit Act and caused customers to lose A$23mn from unauthorised payments.

Trading & Investment

HKEX Introduces Fund Repository on Integrated Fund Platform

13/12/2024

HKEX said the Fund Repository will provide investors access to information on over 2,000 SFC-authorised funds.

Capital Adequacy

RBNZ Amends Interim Solvency Standard for Insurers

13/12/2024

The RBNZ says the amendments will ensure sufficient capital is set aside against pricing risks as well as credit risk on bonds.

Anti-Money Laundering

AUSTRAC Offers Guidance on Filing Suspicious Matter Reports

13/12/2024

The guidance comes in the form of an e-learning module, to help regulated entities submit good-quality SMRs and avoid common mistakes.

Clearing & Post-Trade

HKEX to Enhance Post-Trade Services for Cash Equities in 2025

13/12/2024

New post-trade features will be rolled out progressively on HKEX’s Orion Cash Platform (OCP) beginning in mid-2025.

Cryptocurrency

Australia Court Orders Kraken to Pay A$8m for DDO Breaches

13/12/2024

ASIC believes many crypto products are subject to the same design and distribution requirements that resulted in Kraken’s penalty.

KYC & CDD

RBNZ Calls on Banks to Enhance Financial Inclusion Initiatives

11/12/2024

The RBNZ identified good practices for deposit takers to consider embedding in their current practices to support financial inclusion.

CBDCs

RBNZ Publishes Results of ‘Digital Cash’ Consultation

11/12/2024

If ‘digital cash’ is introduced, the earliest it would be is 2030. The RBNZ confirmed that issuing physical cash would remain a priority.

Reporting & Disclosures

Hong Kong Launches Sustainability Disclosure Roadmap

11/12/2024

Large publicly accountable entities including financial institutions will be required to fully adopt the ISSB standards by 2028.