Senator Andrew Bragg said ASIC and APRA are failing in their mandates and that the twin peaks model has "had its day".
SkyCity estimates it owes about A$13mn in back taxes dating back to 2014. Penalty interest could amount to as much as A$20mn.
Lloyds said it is cooperating with the investigation and it is "not currently possible" to estimate the potential financial impact, if any.
The money remittance company has informed the Monetary Authority of Singapore that it is planning to surrender its payment services licence.
Gyeonggi Province has been using a new digital tracking system that reduces investigation times from 6 months to just 15 days.
The SFC and police recorded 3,415 cases of virtual asset crimes in 2023, involving around HKD 4.4 billion (USD 562 million).
Montenegro's High Court decided to approve the US extradition request over South Korea's, citing the gravity of the charges and the evidence presented by US authorities.
The SEC says Zipmex's business licence needs to be revoked to prevent further harm to clients’ interests, after the company failed to resolve deficiencies by another deadline.
The actions, including charges against the CEO of Russia's VTB Bank, were unveiled just ahead of the two-year anniversary of the war in Ukraine.
The FSC has issued a warning to the CFA and its chairman for violating the law and obstructing the FSS inspection.
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