AUSTRALIA

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    Capital / Liquidity

    RBNZ to Apply New Mortgage Lending Limits from 1 July

    By Nithya Subramanian | 28/05/2024

    The RBNZ said the new DTI and LVR restrictions act as guardrails to reduce the build-up of high-risk lending in the system.

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    Enforcement

    APRA Imposes Additional Licence Conditions on Mercer Super

    By Sanday Chongo Kabange | 28/05/2024

    APRA has imposed additional licence conditions on Mercer Super in response to risk management and compliance deficiencies.

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    Crypto / Digital Assets

    Australian Digital Assets Reform: An Acquired Taste or Unique Approach?

    By Rahul Advani | 28/05/2024

    Some questions remain with Canberra’s uniquely Australian approach to digital asset reform, says Rahul Advani.

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    Enforcement

    Australian Court Rules Payday Lenders Breached Credit Act

    By Sanday Chongo Kabange | 27/05/2024

    The court ruled that Cigno Australia, BSF Solutions, and their directors engaged in unlicensed credit activity.

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    Sanctions

    Australia Lists the Houthis as Terrorist Organisation

    By Editors | 24/05/2024

    Listing the Houthis as a terrorist organisation complements the sanctions in place in relation to the entity, said Attorney-General Mark Dreyfus.

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    AML / KYC

    Australia: Scam Losses Have Declined Further

    By Sanday Chongo Kabange | 24/05/2024

    Losses reported to Scamwatch, AFCX and ReportCyber declined in the January to March quarter, compared to the previous quarter.

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    AML / KYC

    Australia Anti-Scam Centre Publishes Fusion Cell Report

    By Sanday Chongo Kabange | 23/05/2024

    The investment scam fusion cell succeeded in removing scam ads from digital platforms, taking down investment scam websites, and diverting scam calls to recorded warnings.

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    AML / KYC

    NZ DIA, SkyCity Reach Settlement Over AML Breaches

    By Sanday Chongo Kabange | 22/05/2024

    A penalty of NZD 4.16 million was proposed to the court to settle SkyCity’s liability over the AML breaches.

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    AML / KYC

    NZ Regulators Endorse New AML/CFT Supervisory Approach

    By Sanday Chongo Kabange | 22/05/2024

    The DIA, FMA and RBNZ say changes to the AML/CFT requirements will ensure New Zealand is meeting global AML/CFT standards.

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    Sanctions

    Australia, UK Join Allies in Targeting DPRK-Russia Arms Trade

    By Editors | 18/05/2024

    Australia targeted six entities while the UK targeted three companies and one individual for their involvement in North Korea-Russia arms trade.

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