AUSTRALIA

AML / KYC

AUSTRAC Targets ML via Pubs, Clubs

By Samuel Riding | 16/12/2016

Centre issues fact sheets warning business owners to protect themselves.

Market Infrastructure

ASIC Claims World-first Fintech Licensing Exemption

By Samuel Riding | 15/12/2016

New rule allows fintech firms to test services through meeting ASIC requirements and notification.

AML / KYC

Australia to Set up Black Money Taskforce

By Samuel Riding | 15/12/2016

Group will aim to recoup tax and could remove A$100 note from circulation.

NZ to Finalise FI Conduct Guide in 2017

By Samuel Riding | 14/12/2016

Guide not a checklist or legal requirement, but could be used as reference in FMA inquiries.

Australia Ups Accountability of Product Issuers, Distributors

By Samuel Riding | 13/12/2016

New rules state products must only be offered to customers who need them.

AML / KYC

NZ Central Bank Warns Credit Union on AML/ CTF

By Samuel Riding | 13/12/2016

RBNZ says Aotearoa union failed to conduct due diligence, monitor accounts.

AML / KYC

NZ Regulator Pinpoints AML/CTF Weaknesses

By Samuel Riding | 09/12/2016

FMA review of 800 firms finds inadequate staff training and variations in due diligence

ASIC Issues Licensing Report

By Samuel Riding | 07/12/2016

Regulator concerned by misleading applications, overseas misrepresentation by OTC derivative licensees.

Market Infrastructure

ASX to Take Control of BBSW

By Samuel Riding | 02/12/2016

Financial Markets Association to hand over reins as ASIC cases continue.