Australia & NZ

ASIC investigation found the branch manager accepted false documents to support loan applications and falsely attributed loans to obtain undue commissions.

CBA will engage an independent expert to assess changes to the banks' policies, procedures, systems, controls, training, guidance and framework for the...

ASIC has launched a civil action against AMP for misconduct in its financial planning arm causing the firm to put 300 of...

The Australian Tax Office will use cross border data sharing agreements to track tax obligations of cryptocurrency traders, though tax implications from...

RNBZ specifies additional restrictions on banks using internal models to calculate risk-weighted assets, as well as requirements to also use standardised models...

The 'J5' will three global tax enforcement initiatives: cybercrime and virtual currencies, enablers of offshore tax crime, and data platforms; new alliance...

Proposals include broadening the definition of related entities to include substantial shareholders and board directors, and aligning the framework with recently revised...

New minimum capital for futures and securities participants proposed at A$1m and A$0.5m, respectively; futures and securities capital rulebooks to be consolidated.

ASIC investigation revealed the two provided false payslips and letters of employment, among other documents, in support of loan applications.

ASIC has proposed that lenders ensure that new card consumers, or those applying to increase their credit card limit, can repay their...