Australia & NZ

ASIC says Macquarie failed to properly detect and prevent unauthorised fee transactions by now-convicted former financial adviser, Ross Andrew Hopkins.

Non‑major Australian banks are being given an additional three months to commence sharing of joint account data.

The scrapping of company search fees means ASIC will forgo A$64.9mn in revenue over three years from 2023-24.

US sanctions 21 entities and 13 individuals. EU to propose new measures this week. Australia applies 35% export tariff.

APRA says it will receive all data collections through APRA Connect by 2027, and regulated entities should prepare by exploring automation opportunities.

Senate committee warns that the government's failure to bring lawyers, accountants and real estate professionals into the AML/CFT regime is harming Australians.

Under the framework, 11 large financial firms will be required to report internal dispute resolution data to ASIC for the first time by 28 February 2023.

ANZ has "invested heavily" in its director attestation framework remediation uplifted its overall governance capabilities.

The consultation asks how fintech could help reduce financial advice costs and how to make advice more accessible, including through robo-advisers.

The next software release from technology provider Digital Asset has been delayed by three months, impacting the project schedule.