Conduct, Culture & Accountability

ASIC Directs Super Funds to Improve Complaints Handling

14/12/2022

Superannuation trustees are not responding to complaints in a timely manner and are failing to notify consumers of their right to approach AFCA.

Fraud, Scams & Cybercrime

FTX Founder Arrested, Charged by SEC, SDNY, CFTC

14/12/2022

US authorities have charged Sam Bankman-Fried for defrauding customers, investors, lenders, and campaign finance violations.

Fraud, Scams & Cybercrime

India to Standardise Icons Used in Payment Apps to Curb Fraud

08/12/2022

Project Pratima aims to introduce a uniform set of icons for basic payment actions and processes, curb fraud, and boost digital payments adoption.

Anti-Money Laundering

Europol Issues Recommendations on Crypto-related Money Laundering

08/12/2022

Europol recommends close cooperation between enforcement bodies and crypto providers to curb associated crime and money laundering.

Anti-Money Laundering

AUSTRAC Launches Federal Court Proceedings Against SkyCity

08/12/2022

The proceedings against SkyCity are the third AUSTRAC has brought against casino operators, after similar cases were launched against Star and Crown casino entities.

Reporting & Disclosures

SEBI Planning Regulatory Changes in the ESG Space

07/12/2022

SEBI is planning to simplify its BRSR framework to take into account local market conditions, mandate ESG audits, and regulate ESG rating providers.

Climate Risk

BNM Finalises New Requirements on Climate Risk Management

05/12/2022

Governance, strategy, risk appetite and risk management requirements take effect on 31 Dec 2023; and scenario analysis and disclosure requirements one year later.

Capital Adequacy

RBI Relaxes Rules on Bank Dealings in Overseas Financial Products

05/12/2022

Indian banks, through their overseas operations, are now allowed to undertake activities that would not be permitted in the domestic market.

Anti-Money Laundering

AUSTRAC Consults on Drafts Guidance to Address Debanking

05/12/2022

FIs should consider a remitter’s, DCE’s or fintech’s registration with AUSTRAC as a mitigating factor when assessing its ML/TF risks.