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Australia
ESG / Sustainability
Australia Sanctions Targets in Iran, Myanmar for Human Rights Abuses
By Editors | 01/02/2023
The Australian government also announced sanctions against individuals and entities in Myanmar and Iran for violence and human rights abuses against their people.
Sanctions
Australia’s Autonomous Sanctions Framework to Undergo Review
By Editors | 31/01/2023
The review will consider whether Australia’s Autonomous Sanctions Regulations and its associated instruments remain fit for purpose and how they can be made more efficient.
AML / KYC
International Counter Ransomware Task Force Begins Operation
By Editors | 30/01/2023
Australia is the inaugural chair and coordinator of the ICRTF, which will seek to drive international cooperation to tackle ransomware.
Enforcement
RBNZ Concludes Work to Enhance Enforcement Framework
By Editors | 27/01/2023
The framework consists of three documents setting set how the RBNZ selects matters for investigation, conducts investigations, and takes enforcement decisions.
New Zealand to Increase Foreign Reserves Holdings
By Editors | 27/01/2023
New Zealand will look to increase its foreign reserves holdings over “a number of years” in order to minimise the market impact.
Enforcement
Australia: Tax Practitioners Board Bans Ex-PwC Partner for Two Years
By Editors | 26/01/2023
Former PwC tax partner Peter-John Collins leaked information about confidential tax reforms being proposed at the time.
Capital / Liquidity
RBNZ to Progress Changes to Connected Exposures Policy
By Editors | 26/01/2023
The RBNZ intends to progress with proposals made in its November 2021 consultation, with some amendments following stakeholder feedback.
Enforcement
APRA Imposes Licence Conditions on Super Fund Trustee
By Editors | 25/01/2023
In APRA’s 2022 ‘MySuper Heatmap’, only one other super fund trustee charged more in administration fees than Diversa Trustees’ product.
Securities / Derivatives
NZ FMA Publishes First Risk Assessment of Fund Management Sector
By Editors | 23/01/2023
Risk management practices and controls used by fund managers reduce overall risk but “pockets of relatively higher risk” still exist.
Crypto / Digital Assets
NAB to Launch AUD Stablecoin Around Mid Year
By Manesh Samtani | 20/01/2023
NAB plans allow clients to use the stablecoin for repo transactions, cross-border remittances, and carbon credits trading.
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