Australia

Credit Risk

RBNZ to Apply New Mortgage Lending Limits from 1 July

By Nithya Subramanian | 28/05/2024

The RBNZ said the new DTI and LVR restrictions act as guardrails to reduce the build-up of high-risk lending in the system.

Operational Risk

APRA Imposes Additional Licence Conditions on Mercer Super

By Sanday Chongo Kabange | 28/05/2024

APRA has imposed additional licence conditions on Mercer Super in response to risk management and compliance deficiencies.

Custody & Infrastructure

Australian Digital Assets Reform: An Acquired Taste or Unique Approach?

By Rahul Advani | 28/05/2024

Some questions remain with Canberra’s uniquely Australian approach to digital asset reform, says Rahul Advani.

Supervision & Enforcement

Australian Court Rules Payday Lenders Breached Credit Act

By Sanday Chongo Kabange | 27/05/2024

The court ruled that Cigno Australia, BSF Solutions, and their directors engaged in unlicensed credit activity.

PEPs & Sanctions

Australia Lists the Houthis as Terrorist Organisation

By Editors | 24/05/2024

Listing the Houthis as a terrorist organisation complements the sanctions in place in relation to the entity, said Attorney-General Mark Dreyfus.

Fraud, Scams & Cybercrime

Australia: Scam Losses Have Declined Further

By Sanday Chongo Kabange | 24/05/2024

Losses reported to Scamwatch, AFCX and ReportCyber declined in the January to March quarter, compared to the previous quarter.

Fraud, Scams & Cybercrime

Australia Anti-Scam Centre Publishes Fusion Cell Report

By Sanday Chongo Kabange | 23/05/2024

The investment scam fusion cell succeeded in removing scam ads from digital platforms, taking down investment scam websites, and diverting scam calls to recorded warnings.

Anti-Money Laundering

NZ DIA, SkyCity Reach Settlement Over AML Breaches

By Sanday Chongo Kabange | 22/05/2024

A penalty of NZD 4.16 million was proposed to the court to settle SkyCity’s liability over the AML breaches.

Anti-Money Laundering

NZ Regulators Endorse New AML/CFT Supervisory Approach

By Sanday Chongo Kabange | 22/05/2024

The DIA, FMA and RBNZ say changes to the AML/CFT requirements will ensure New Zealand is meeting global AML/CFT standards.