Fraud, Scams & Cybercrime

ASIC Shuts Off Access to 2,500 Scam and Phishing Websites

03/11/2023

ASIC has a new website takedown service to remove or limit access to fraudulent and malicious websites on the internet.

Sustainable Finance

Australia Consults on New Sustainable Finance Strategy

03/11/2023

The strategy includes plans to develop a fund-labelling regime for sustainable investment products and explore nature-related disclosures.

Anti-Money Laundering

AUSTRAC Establishes Operational Response To Israel-Gaza Conflict

02/11/2023

AUSTRAC advises reporting entities to report any suspicious transactions they identify as part of the “important role” they play in stopping financial crime.

Capital Adequacy

APRA Applies A$20m Capital Charge to RAC Insurance

01/11/2023

APRA said its review of RAC Insurance revealed “significant weaknesses” in its outsourcing controls, conflict management and board decision making.

ESG Data

HK SFC, ICMA Collaborate on Voluntary ESG Code of Conduct

01/11/2023

The code of conduct will improve the reliability of ESG information used by licensed corporations in their investment decisions.

Market Abuse

FSS Korea Asks Prosecutors to Charge Kakao for Market Manipulation

01/11/2023

The FSS has sent recommendations to prosecutors asking them to charge Kakao, Kakao Entertainment and several top executives.

AI Risk & Governance

White House Issues Executive Order to Regulate AI

31/10/2023

The executive order sets out new standards for AI safety and requirements for developers and users of AI systems.

Climate Risk

FMA Updates Guidance on Climate-related Scenario Analysis

31/10/2023

The FMA’s updated climate-related scenario analysis guidance includes additional details on quantification, further clarification and context.

Conduct, Culture & Accountability

Taiwan FSC Fines SinoPac Group for Governance Failures

28/10/2023

The company held two non-routine strategic planning meetings with its major shareholder and former chairman, without keeping meeting records.