Cybersecurity

AFCA Working to Resolve Complaints from Latitude Cyber Attack

16/01/2025

AFCA has 224 open complaints over the 2023 cyber-attack at Latitude Financial Services, all of which should be resolved by 30 June 2025.

Data Privacy

JSDA Amends Rules to Streamline Digital Document Delivery

16/01/2025

The proposed amendments will allow securities firms to rely on implied consent for electronic delivery of documents.

Cryptocurrency

US Appeals Court Orders SEC to Explain Denial of Coinbase Petition

15/01/2025

The court said the SEC must provide a more complete explanation for its decision but did not order it to undertake a rulemaking process

Anti-Money Laundering

AEON Bank President & Risk Head Dismissed Over AML Failures

15/01/2025

The president of AEON Financial Services also resigned after the banking subsidiary was ordered to correct serious AML deficiencies

Supervision & Enforcement

US SEC Fines 14 More Firms for Record-keeping Violations

14/01/2025

The latest penalties were imposed on units of Robinhood, Blackstone, Apollo, KKR, Charles Schwab, Santander and others.

Structural Regulation

Claim Amount Quadruples in Lawsuit Over Credit Suisse AT1 Writedown

14/01/2025

An amended complaint filed in New York adds 39 plaintiffs including AllianceBernstein and a subsidiary of Japan’s Nomura Holdings

Anti-Money Laundering

Interpol Published First-ever ‘Silver Notice’ at Italy’s Request

13/01/2025

The Silver Notice seeks information from Interpol member countries on the assets belonging to a senior member of the mafia

Trading & Investment

Japan FSA Publishes Analysis of August 2024 Stock Crash

13/01/2025

The FSA said the crash was caused by several factors, including a thinning of the order book and a decline in algorithm-driven liquidity provision

Custody & Infrastructure

ASIC Issues New Guidance on Crypto Asset Custody

13/12/2024

ASIC revised a regulatory guide for funds management and custodial services to address crypto asset custody.