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Australia
ASIC Updates Guidance on No-Action Letter and Relief Applications
By Thisanka Siripala | 14/02/2025
ASIC said it has improved and simplified its guidance regarding relief and no-action letters by centralising related guidance and amending outdated references
APRA Clarifies Lending Guidance to Boost Property Construction
By Sanday Chongo Kabange | 14/02/2025
APRA clarified that its 2017 guidance should not be taken to mean that banks should only finance property construction after it is 100% pre‑sold.
Crypto / Digital Assets
FMA Offers Regulatory Clarity for E-Money and Payments Firms
By Sanday Chongo Kabange | 14/02/2025
The FMA said there is “no specific licence” for e-money institutions or payments service providers in New Zealand but a range of regulatory obligations still apply.
Fintech / Regtech
NZ Inland Revenue Department Consults on Open Banking
By Sanday Chongo Kabange | 13/02/2025
New Zealand’s Inland Revenue Department is seeking information on open banking to develop a roadmap for potential use and adoption.
AML / KYC
Australia Passes “World-leading” Scams Prevention Legislation
By Sanday Chongo Kabange | 13/02/2025
The law will introduce mandatory obligations for banks, telcos and social media platforms to prevent, detect and disrupt scams
Fintech / Regtech
CBA, Telstra Expands Fraud Detection Collaboration
By Sanday Chongo Kabange | 12/02/2025
CBA and Telstra’s expanded pact will implement a new anti-scam technology to help protect customers from identity theft.
Market Infrastructure
Australian Banks Agree to Pause Rural Branch Closures
By Sanday Chongo Kabange | 12/02/2025
Banks to pause rural branch closures until 2027 and also make their services available via Australia Post.
Australia Updates Education Requirements for Financial Advisers
By Sanday Chongo Kabange | 11/02/2025
The reforms will create a more sustainable education pathway and help address the current supply shortage of financial advisers.
AML / KYC
Australian Court Commences Trial Against Star Casino Executives
By Thisanka Siripala | 11/02/2025
The trial will examine whether 10 former executives and directors knowingly allowed money laundering and criminal activity at Star casinos.
New Zealand Unveils Changes to Investor Visa Scheme
By Nithya Subramanian | 11/02/2025
The changes broaden the scope of acceptable investments, reduce barriers to investment, and incentivise more active investments.
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