AML / KYC

ACCC to Create 2nd NASC Fusion Cell to Target Job Scams

01/08/2024

The fusion cell will work with social media platforms, recruitment agencies, financial firms and law enforcement to disrupt job scams.

Australia’s New Code for Tax Practitioners Takes Effect

01/08/2024

Tax practitioners will have until January or July 2025 to come into compliance, depending on their firm size.

ASIC Calls on Credit Card Lenders to Improve Consumer Outcomes

01/08/2024

ASIC said some credit card providers are failing to identify consumers at risk of financial hardship and communicate what help may be available.

Fintech / Regtech

BSP Amends Guidelines for Payments Settlement Systems

01/08/2024

The BSP said the revised guidelines provide operational flexibility to ACHs under the NRPS framework namely InstaPay and PESONet.

Fintech / Regtech

RBNZ Explores New Techniques for Monitoring Financial Stability

01/08/2024

The RBNZ is exploring the use of news sentiment as an indicator of financial stress, and macroeconomic conditions to forecast future NPLs.

Market Infrastructure

ASIC Proposes Rules for ASX Clearing and Settlement Services

31/07/2024

ASIC is consulting on new rules to facilitate more competitive outcomes in cash equity clearing and settlement services provided by ASX.

Fintech / Regtech

Australian Treasury Publishes Digital and Cyber Security Strategy

31/07/2024

The strategy focuses on four areas to ensure Treasury’s information and systems are secure, resilient, responsive, and fit-for-purpose.

Fintech / Regtech

ACCC to Update Guidance on International Money Transfers

31/07/2024

The proposed changes will help provide further transparency to consumers so they can better compare the costs of international money transfers.

AML / KYC

Westpac, Optus Launch New Anti-scam Capability

31/07/2024

Westpac launched a new in-app calling capability to protect customers from scammers trying to impersonate the bank.