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Australia
Enforcement
APRA Again Increases Capital Add-on Imposed on ANZ
By Sanday Chongo Kabange | 04/04/2025
ANZ has committed to addressing root causes that have contributed to risk governance shortcomings across the bank.
AML / KYC
AUSTRAC to Start Work on Second Draft on New AML/CTF Rules
By Sanday Chongo Kabange | 03/04/2025
AUSTRAC is reviewing over 100 submissions from last December’s consultation before releasing a second exposure draft on the new AML/CTF Rules.
Capital / Liquidity
RBA Adjusts Configuration of Open Market Operations
By Sanday Chongo Kabange | 03/04/2025
The changes will provide more of an incentive for banks to recycle reserves in private markets, reducing reliance on OMO for liquidity.
Capital / Liquidity
RBA Urges Banks to Utilise Overnight Facility for Liquidity
By Sanday Chongo Kabange | 02/04/2025
Banks are encouraged to use the RBA’s overnight standing facility if they cannot find liquidity on suitable terms in private markets or via weekly OMOs.
AML / KYC
AUSTRAC Develops New Digital Channel for Data-Sharing with Banks
By Sanday Chongo Kabange | 02/04/2025
The initiative was the first project under AUSTRAC’s Collaborative Analytics Hub, and resulted in the development of several dashboards to facilitate intelligence analysis.
AML / KYC
The Final Countdown: Practical Steps for Meeting Australia’s ‘Tranche 2’ Deadline
By Nathan Lynch | 02/04/2025
Only an April Fool would ignore the tight deadline for compliance with Australia’s Tranche 2 anti-money laundering reforms, writes Nathan Lynch.
AML / KYC
AUSTRAC Puts Crypto ATM Providers on Notice
By Sanday Chongo Kabange | 01/04/2025
AUSTRAC said it will take action against crypto ATM providers that don’t comply with Australia’s AML regime.
ASIC Criticises Super Funds for Poor Claims Handling
By Sanday Chongo Kabange | 01/04/2025
ASIC has identified a range of issues including excessive delays, poor customer service and ineffective claims handling procedures for death claims.
Capital / Liquidity
RBNZ Agrees to Reassess Bank Capital Requirements
By Sanday Chongo Kabange | 01/04/2025
The RBNZ will engage independent international experts to conduct a reassessment of key its capital settings to help improve bank competition.
ESG / Sustainability
ASIC Issues New Guidance on Sustainability Reporting
By Sanday Chongo Kabange | 01/04/2025
The guidance has new sections on climate scenario analysis, scope 3 disclosues, and more specific guidance for directors of reporting entities.
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