Enforcement

ASIC Probes ANZ Over Treasury Bond Issuance

14/05/2024

ASIC suspects ANZ breached the law while serving as a risk manager for a government bond issuance last year.

Market Infrastructure

Regulators Announce Enhancements to Swap Connect

14/05/2024

The enhancements will enrich the tradeable products, improve ancillary services, and reduce investor participation costs.

AML / KYC

New Zealand DIA Issues Formal AML Warning to Lawyer

13/05/2024

The lawyer failed to establish, implement and maintain an AML/CFT programme, conduct on-going CDD, and report transactions.

Australia FSC Forms Expert Group on ‘Digital Advice’

13/05/2024

The expert group will support financial advice reforms and the development and growth of the digital advice sector.

AFCA, CSLR Set Out Arrangements for “Collaborative Relationship”

10/05/2024

AFCA signed an MoU with CSLR Ltd, the authorised operator of the new Compensation Scheme of Last Resort.

Advice Fee Deducted from Super Funds are Too High: ASIC

09/05/2024

ASIC says trustees need to improve their oversight of advice fee deductions from super fund accounts.

Enforcement

ASIC Fines JP Morgan Unit for Failure to Detect Suspicious Trades

09/05/2024

The case highlights that market participants “cannot solely rely on automated trade monitoring systems” to detect potential misconduct.

Fintech / Regtech

HKMA to Relabel ‘Virtual Banks’ as ‘Licensed Digital Banks’

09/05/2024

The proposal is aimed at addressing negative connotations associated with the term “virtual bank” in Chinese.

Enforcement

BNM Fines 14 Banks Over Erroneous Statistical Submissions

09/05/2024

The reporting failures were caused by unresolved technical issues and inadequate operating procedures.