Australia

AML / KYC

NZ FIU Calls for Help to Combat Transnational Organised Crime

By Sanday Chongo Kabange | 16/03/2022

Reporting entities are “uniquely positioned” to detect TNOC activity through the implementation of preventive measures and reporting to the FIU.

AML / KYC

AUSTRAC Proposes Amendments to AML/CTF Rules

By Sanday Chongo Kabange | 16/03/2022

A new consultation paper proposes to exempt FIs that are already enrolled with AUSTRAC from registration on the DCE Register when offering digital currency exchange services.

AFCA Proposes New User-Pays Funding Model

By Mark Johnston | 15/03/2022

Under the new model, about 20% of AFCA members would experience a decrease in fees, while 70% would see no impact.

Capital / Liquidity

New Zealand to Revise Responsible Lending Rules

By Mark Johnston | 15/03/2022

The new rules, introduced in December, were designed to protect the vulnerable but are making it more difficult for borrowers to obtain loans.

Crypto / Digital Assets

Australia: Senator Calls on Govt to Accelerate Work on Crypto Regulation

By Darien Choong | 15/03/2022

Senator Andrew Bragg said the government should hire experts to permanently work on crypto regulation within a dedicated unit of Treasury.

APRA, ASIC Outline Expectations on Retirement Income Covenant

By Ranamita Chakraborty | 14/03/2022

While RSE licensees are not specifically required to offer retirement income products, they are expected to consider making changes to existing products or offering external products.

Market Infrastructure

ASIC Updates Market Integrity Rules and 10 Rule Books

By Ranamita Chakraborty | 11/03/2022

From 10 March 2023, financial markets and participants will have to comply with new technological and operational resilience rules.

Securities / Derivatives

ASX Proposes New Fee Model for Issuer Services

By Editors | 10/03/2022

The new fee model is intended to be simpler and provide greater certainty to issuers about ASX charges for issuer services.

Capital / Liquidity

RBNZ Defers Effective Date of New Insurance Solvency Standards

By Mark Johnston | 10/03/2022

The interim standard will come into force on 1 January 2023. The RBNZ is also consulting on the penalties and enforcement tools it has available for supervising insurers.