Enforcement

NAB paid the most to compensate customers for failures by the largest number of advisers, and is expected to take the longest to complete its remediation programme.

Existing investigation and fact-finding procedures currently take 1.5 years before civil sanctions or penalties are imposed.

Effective immediately, NPP Australia has established a mandatory compliance framework allowing it to designate core capability requirements and enforce compliance through non-compliance charges.

The bank's former chairman is said to have channelled bribes to a party official from the now-missing former chairman of a conglomerate, CEFC China Energy.

The class action, estimated to be worth more than $1.2bn for trades executed in the UK, follows a similar-size fine levied against the banks by the European Commission in May.

Criminal organisations are increasing seeking the use of bank accounts in Japan to disguise illicit profits, with incidents of money laundering rising 40% year-on-year.

China's Central Commission for Discipline Inspection has reportedly opened a corruption probe into the CBIRC's Fujian branch head, Qi Xinzheng.

Australia's fourth largest bank says the personal data uploaded to servers without authorisation was not copied or further disclosed, and has since been deleted.

Announced last month, the new licensing regime will require financial advisers to operate under a new transitional licence from June 2020.

ANZ charged fees on transactions between its customers' own accounts, despite the fees only being applicable to transactions made to "another person or business".