ESG / Sustainability

Australasia Investor Group Partners with TNFD on Nature-related Risk

31/05/2022

The partnership will help drive the consideration, input and uptake of the TNFD framework in the Australian and New Zealand markets.

AML / KYC

FATF Re-rates New Zealand for Progress on UBO Transparency

31/05/2022

The FATF says New Zealand was re-rated on Recommendation 25 due to new requirements for trusts coming into force.

AML / KYC

Bangladesh to Introduce Amnesty Scheme for Laundered Money

31/05/2022

The Bangladesh government plans to allow laundered funds to be repatriated without penalty to boost its foreign exchange reserves.

Fintech / Regtech

Thailand Seeks to Become Venture Capital ‘Powerhouse’

31/05/2022

Bangkok is envisioned as a regional hub for innovation-focused investors, with the goal of attracting entrepreneurs and stimulating strategic partnerships globally.

Enforcement

ASIC Files Suit Against ANZ Over ‘Unlawful’ Credit Card Charges

31/05/2022

ANZ charged fees and interest to customers who withdrew funds that were shown as available on their credit card account balances.

Capital / Liquidity

RBNZ Commends Westpac for Improved Liquidity Risk Management

31/05/2022

The RBNZ says Westpac NZ has improved its liquidity risk management and risk culture by improving resourcing and governance.

Enforcement

ACCC Commences Legal Proceedings Against Mastercard Units

31/05/2022

The ACCC says Mastercard offered cheaper rates to over 20 major retail businesses if they used its own network to process transactions.

India: AMFI Directs Fund Managers to End Remote Work Arrangements

31/05/2022

AMFI’s advisory asks fund managers to end flexibilities that allowed employees to work from their homes by 10 June 2022.

Fintech / Regtech

MAS FinTech Hackcelerator to Focus on Web3, Green Finance

30/05/2022

Fintech firms and solution providers from around the world are invited to address over 50 problem statements related to Web 3.0 and green finance.