Enforcement

MAS Bans Former StanChart Adviser Following Forgery Conviction

31/05/2023

The former representative altered a document to falsely presenting another client as the account holder instead of the actual client.

AML / KYC

Perth Mint Misses AUSTRAC Deadline, CEO Resigns

31/05/2023

The delay was attributed to the complexity of the audit and the challenges in gathering the required information.

Capital / Liquidity

APRA, AUSTRAC Enter Enforceable Undertakings With BoQ

31/05/2023

For APRA’s enforceable undertaking, Bank of Queensland has to set aside an extra A$50mn in regulatory capital.

Market Infrastructure

CPMI Seeks Experts on Cross-border Payment APIs

31/05/2023

API experts are invited to join a new CPMI panel to work onharmonisation of API protocols used in cross-border payments.

AML / KYC

Australia: Crown Agrees to A$450m Penalty for AML Failures

31/05/2023

Crown admitted to AML/CTF breaches at its Melbourne and Perth casinos and agreed to pay A$450mn, subject to court approval.

ESG / Sustainability

ORX Launches New Greenwashing Scenario Toolkit

30/05/2023

The toolkit is designed to support banks and insurers in creating a greenwashing scenario and help them tackle ESG-related operational risk.

AML / KYC

SkyCity Adelaide Ordered to Review AML/CTF Programme

30/05/2023

SkyCity Adelaide ordered to report on how it is meeting its AML/CTF obligations, and appoint an independent monitor.

Capital / Liquidity

IASB Seeks Feedback on IFRS 9 Impairment Requirements

30/05/2023

The IASB is seeking feedback to help it assess whether the impairment requirements in IFRS 9 are continuing to work as intended.

Crypto / Digital Assets

HKMA to Ramp Up Cross-border Collaboration with UAE

30/05/2023

The HKMA will form a joint working group with CBUAE and banking sector stakeholders to take forward the agreed initiatives.