Some in the industry have expressed concerns that the CSLR does not go far enough, as its scope does not cover managed investment schemes.
The new unit will target assets and provide investigative tracing capabilities for all of the AFP's commands across all of its businesses.
A complaint from environmental lawyers calls on the ACCC and ASIC to investigate statements made by Glencore about its plans to reach net zero by 2050.
APRA will modernise its guidance for banks, insurers and superannuation funds to make it easier to understand and comply with.
London-listed betting company Entain Group was also fined last month by the UK Gambling Commission for AML and social responsibility failures.
The changes to bank assurance reports will come into force for reporting dates starting from 31 December 2022, three months later than planned.
Responsible entities and trustees voluntarily took action once ASIC expressed concerns over their funds' marketing materials.
The FMA says investors should make sure the risks and returns are properly explained before they allow their shares to be lent out.
Litigation funding schemes will regain exemptions from requirements to hold an AFS licence and be subject to the same regulations as managed investment schemes.
The proposed legislation removes uncertainty regarding whether Bitcoin may be treated as a ‘foreign currency’ for income tax purposes.
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