AUSTRALIA

AML / KYC

New Zealand to Introduce AML Amendment Bill in November

By Sanday Chongo Kabange | 03/09/2024

A new cabinet paper sets out 25 proposals for further amendments to New Zealand’s AML/CFT Act.

Market Infrastructure

Deadline Fast Approaching for New Trade Reporting Rules in Australia and Singapore

By Manesh Samtani | 03/09/2024

DTCC, MAS and ASIC are calling on market participants to accelerate testing efforts to ensure readiness for new reporting rules that go live on 21 October.

Market Infrastructure

Australia Consults on New Merger Notification Thresholds

By Sanday Chongo Kabange | 02/09/2024

The notification thresholds determine which mergers must be notified to the ACCC under new rules commencing 1 Jan 2026.

Crypto / Digital Assets

New Zealand to Implement Global Tax Reporting Framework for Crypto

By Jaya Prakash Balakrishnan | 31/08/2024

New Zealand crypto firms will start reporting user and transaction data to the Inland Revenue Department by 30 June 2027.

Enforcement

Australian Court Sentences Financial Adviser to 12 Years Jail

By Editors | 30/08/2024

Ben Jayaweera dishonestly obtained money from clients for investments and then transferred the funds to his own accounts.

Enforcement

ASIC Fines CLSA for Providing Incorrect Regulatory Data

By Sanday Chongo Kabange | 30/08/2024

The failures arose from a change to CLSA’s global order management system that was “not adequately scoped and tested” before implementation.

Fintech / Regtech

ASIC Launches Pilot Digital Portal for AFS Licensing

By Editors | 30/08/2024

The pilot involves a limited number of new AFSL applications before the new digital portal is fully adopted in Q1 2025.

AML / KYC

Europol, New Zealand Can Share Personal Data to Combat Crime

By Ranamita Chakraborty | 29/08/2024

A new agreement has entered into force that allows Europol and New Zealand authorities to exchange personal data to combat crime.

Market Infrastructure

Australia Issues New Anti-Foreign Bribery Guidance

By Sanday Chongo Kabange | 29/08/2024

The guidance sets out six elements that should be included by corporations in their anti-bribery compliance programmes.