Australia

Emerging Prudential Risks

APRA Defers International Exposures Reporting Deadline

By Samuel Riding | 19/12/2016

Banks will now have until the end of next year to report their data.

Anti-Money Laundering

AUSTRAC Targets ML via Pubs, Clubs

By Samuel Riding | 16/12/2016

Centre issues fact sheets warning business owners to protect themselves.

Cloud & 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.

Anti-Money Laundering

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.

Conduct, Culture & Accountability

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.

Conduct, Culture & Accountability

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.

Anti-Money Laundering

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.

Anti-Money Laundering

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

Structural Regulation

ASIC Issues Licensing Report

By Samuel Riding | 07/12/2016

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