AUSTRALIA

AML / KYC

ASIC Has Shut Over 7,300 Scam Websites in One Year

By Sanday Chongo Kabange | 20/08/2024

Since July 2023, ASIC has taken down over 5,530 fake investment platform scams, 1,065 phishing scam hyperlinks and 615 crypto investment scams.

Enforcement

ASIC Stands Firm Despite Mounting Criticisms of Failures

By Natasha Teja | 20/08/2024

An inquiry into ASIC’s capacity and capability identified a need for reforms, but these appear to be contingent on next year’s elections.

Market Infrastructure

ASIC Extends Reference Checking Protocol to Mortgage Aggregators

By Sanday Chongo Kabange | 19/08/2024

The updated protocol enables financial advisers and mortgage brokers to request references about prospective representatives from mortgage broking intermediaries.

Market Infrastructure

ACCC Greenlights Experian Takeover of Rival illion

By Editors | 19/08/2024

The ACCC said the merger will not impact competition in the consumer credit reporting market because of the dominance of market leader Equifax.

Fintech / Regtech

Getting Your Ducks in a Row for APAC Rules Rewrites

By Priya Kundamal | 19/08/2024

DTCC’s Priya Kundamal discusses the lessons learned from markets that have implemented the first phase of changes to derivatives reporting rules.

Australia Launches Inquiry to Improve Access to Home Loans

By Ranamita Chakraborty | 16/08/2024

Senator Andrew Bragg said the inquiry will examine bank lending practices and barriers that hinder access to finance for first home buyers.

Fintech / Regtech

APRA Issues Guidance to Address Cyber Control Weaknesses

By Sanday Chongo Kabange | 16/08/2024

APRA has identified issues relating to security in configuration management, privileged access management, and security testing.

AML / KYC

AFCA Calls on Super Funds to Adopt Anti-Scam Measures

By Editors | 15/08/2024

AFCA’s Heather Gray said more sophisticated scam activity is occurring in superannuation, in line with trends in the banking sector.

Fintech / Regtech

ANZ Partners With Microsoft to Launch “AI Immersion Centre”

By Editors | 15/08/2024

ANZ plans to send 3,000 leaders through the facility over the next year to upskill them on GenAI and enable them to better support “adoption at scale”.