AML / KYC

Westpac NZ to Pilot New ‘Basic’ Bank Account Service

15/04/2025

A basic bank account was one of the 2023 recommendations of a 14-month competition study by the Commerce Commission.

Enforcement

ASIC Sues Wiluna Mining Over 2022 Disclosure Breaches

15/04/2025

Wiluna Mining announced in June 2022 that it had raised A$57.3mn when only A$50.3mn of funds were actually received.

Crypto / Digital Assets

Philippine SEC Launches New Regulatory Sandbox for Crypto

15/04/2025

The SEC is inviting firms to apply to participate in testing products and services in a new crypto regulatory sandbox.

AML / KYC

HKMA Directs SVF Licensees to Implement Anti-Scam Measures

15/04/2025

SVF licensees are directed to use the measures set out in a December 2024 circular initially intended for authorised institutions.

AML / KYC

HKMA Unveils New Measures to Bolster E-Banking Security

15/04/2025

Banks must empower customers to adopt bound devices instead of SMS OTPs and deactivate higher risk e-banking functions.

Crypto / Digital Assets

SFC Grants First Approvals Allowing Crypto Staking Services

14/04/2025

HashKey and OSL can expand their product and service offerings to provide staking as a service to clients, including retail clients.

Securities / Derivatives

Philippine Regulators Urge Energy Firms to Tap Capital Market

14/04/2025

The SEC has simplified its registration requirements to make it easy for power generation and distribution companies to publicly issue securities.

AML / KYC

HKMA Announces New Measures to Combat Financial Crime

11/04/2025

HKMA, HKPF and HKAB have jointly announced new measures to strengthen the response to fraud and money laundering.

ASIC Consults on Plan to Publish Breach and Complaints Data

11/04/2025

ASIC proposes to publish regulated firms’ breach and complaints data in H2 this year to enhance transparency and accountability.co