RBNZ says Aotearoa union failed to conduct due diligence, monitor accounts.
FMA review of 800 firms finds inadequate staff training and variations in due diligence
Regulator concerned by misleading applications, overseas misrepresentation by OTC derivative licensees.
Financial Markets Association to hand over reins as ASIC cases continue.
ASIC has written to 8 financial institutions requesting audit; also looking at financial advice businesses.
Two banks admit cartel conduct in trading MYR forex contracts out of Singapore in 2011.,
APRA says liquidity already monitored and ‘well managed’ by central bank protocols.
Closer to home, AUSTRAC releases study on AML/CTF risks in superannuation funds.
‘Regulatory returns’ are designed to help supeversion under Financial Markets Conduct Act.
Regulator has issued 51 infringement notices since 2010; case relates to only one not complied with.