AML / KYC

Australia: Scam Losses Have Declined Further

24/05/2024

Losses reported to Scamwatch, AFCX and ReportCyber declined in the January to March quarter, compared to the previous quarter.

Enforcement

Worldcoin Ordered to Cease Iris-Scanning in Hong Kong

24/05/2024

The PCPD has determined that the Worldcoin project has breached Hong Kong’s personal data privacy law.

HK ICAC Signs Cooperation MoUs with UNODC, Four Countries

23/05/2024

The MoUs with the UNODC and the anti-corruption authorities of Kazakhstan, Mauritius, Saudi Arabia and South Africa will enhance anti-corruption cooperation.

AML / KYC

Australia Anti-Scam Centre Publishes Fusion Cell Report

23/05/2024

The investment scam fusion cell succeeded in removing scam ads from digital platforms, taking down investment scam websites, and diverting scam calls to recorded warnings.

Enforcement

Hong Kong IA Bars Ex-Prudential Agent for 14 Years

22/05/2024

The IA said it found the agent’s conduct “so disgraceful” that it unanimously decided to elevate the penalty to a 14-year prohibition.

AML / KYC

NZ DIA, SkyCity Reach Settlement Over AML Breaches

22/05/2024

A penalty of NZD 4.16 million was proposed to the court to settle SkyCity’s liability over the AML breaches.

AML / KYC

NZ Regulators Endorse New AML/CFT Supervisory Approach

22/05/2024

The DIA, FMA and RBNZ say changes to the AML/CFT requirements will ensure New Zealand is meeting global AML/CFT standards.

Enforcement

ASIC Issues Guidance for Unlicensed Entities Soliciting Advice

16/05/2024

The guidance warns of penalties for unlicensed entities that make unsolicited contact with consumers and refer them to third parties for financial advice.

Capital / Liquidity

RBNZ Proposes “Core Standards” for New DTA Regime

16/05/2024

The proposed core standards cover capital, liquidity, disclosure, and DCS-related requirements.