AUSTRALIA

Enforcement

ACMA Fines Telco for Breaching ID Verification Rules

By Sanday Chongo Kabange | 03/06/2025

Mobile numbers were inadvertently transferred to scammers, resulting in losses from consumers’ bank accounts.

Enforcement

New Zealand DIA Warns Money Remitter for AML Noncompliance

By Sanday Chongo Kabange | 03/06/2025

The DIA said further action may be taken if noncompliance with New Zealand’s AML/CFT laws continues.

NZ FMA Calls on KiwiSaver Providers to Prioritise Member Outcomes

By Editors | 03/06/2025

FMA chief Samantha Barrass urged KiwiSaver providers to innovate new ways to engage with members and help members make informed decisions.

Securities / Derivatives

ASX Announces New Pricing Policy for Cash Equities Services

By Editors | 03/06/2025

ASX introduces new pricing policy for cash equities clearing, settlement, and issuer services, while also enhancing transparency.

Securities / Derivatives

ASX Consults on Volatility Controls for Interest Rate, Commodity Futures

By Editors | 03/06/2025

ASX proposes to apply order thresholds to interest rate and commodity futures similar to equity index futures.

ASIC Identifies Defective Compliance Plans in Funds Sector 

By Sanday Chongo Kabange | 02/06/2025

ASIC review reveals widespread compliance plan deficiencies across the managed investment industry, prompting calls for industry improvement.

ESG / Sustainability

RIAA Launches 3rd Investor Toolkit to Tackle Human Rights Risks

By Editors | 02/06/2025

RIAA released the latest edition of its toolkit to help investors address human rights risks and promote ethical value chains.

NZ’s FMA Urges FIs to Simplify Products, Enhance Trust

By Manesh Samtani | 02/06/2025

New Zealand FMA is urging banks to enhance financial education, product transparency and debt management tools for consumers.

AML / KYC

AUSTRAC Chief Vows Tough Enforcement as AML/CTF Net Widens

By Nathan Lynch | 02/06/2025

As Australia expands its AML/CTF regime, Brendan Thomas warns of strict action against businesses that ignore obligations and enable financial crime.