Australia

FMA Set Out Plan for Identifying Cases of Auditor Misconduct

By Editors | 22/06/2022

The FMA will perform audit quality reviews every two years for the big 4 audit firms and once every three years for the other registered audit firms.

Enforcement

Australian Court Sentences CFD Trader for Insider Trading

By Editors | 21/06/2022

The CFD trader made AUD 343,000 in profit by trading on inside information regarding a takeover bid for PanAust Limited.

Enforcement

Australia: Allianz, AWP Plead Guilty for Making False Statements

By Editors | 19/06/2022

Charges were filed against Allianz Australia Insurance and AWP Australia in February last year.

Enforcement

Australian Court Fines Money Transfer Firm for Exchange Rate Fixing

By Editors | 18/06/2022

Four individuals were also sentenced to jail on criminal cartel charges, but they were released on good behaviour bonds.

Capital / Liquidity

New Zealand: Responsible Lending Rules to Change on 7 July

By Editors | 17/06/2022

Responsible lending laws introduced in December have been blamed for causing tighter credit conditions for New Zealand borrowers.

Market Infrastructure

ASIC Calls on Listed Companies to Bolster Cyber Resilience

By Sanday Chongo Kabange | 16/06/2022

Companies should review their cyber resilience settings and ensure detection, mitigation and response measures are adequate, says Greg Yanco.

Enforcement

NZ FMA Fines Cigna for ANZ Product Distribution Failures

By Editors | 15/06/2022

ANZ was fined last year for making misleading representations when distributing CCRI policies, many of which were issued by Cigna and OnePath.

AML / KYC

Australian Federal Police Sets Sights on Italian Crime Groups

By Editors | 15/06/2022

Australian Police will use data obtained during Operation Ironside to target Italian organised crime syndicates for drug trafficking and money laundering.

Market Infrastructure

ASX Consults on Fallbacks for 90 Day Bank Bill Futures

By Editors | 15/06/2022

ASX says the inclusion of fallback provisions in contractual documentation will provide contractual and risk management certainty.