Australia

Fraud, Scams & Cybercrime

FMA Issues Alert on Fake Online Investing Platforms

By Sanday Chongo Kabange | 19/02/2025

The FMA has identified a “large network” of fake online investing platforms involving 96 duplicate websites or platforms.

Anti-Money Laundering

Risk Assessments a Core Part of Australia’s New AML Regime

By Nathan Lynch | 18/02/2025

The reforms passed in November send a clear message that risk assessments and AML programmes need to respond to changes in the financial crime risk landscape.

Anti-Money Laundering

AUSTRAC Warns Crypto, Remittance Firms of Possible Regulatory Action

By Sanday Chongo Kabange | 18/02/2025

AUSTRAC has issued alerts, a precursor to potential regulatory action, to over 50 crypto exchanges and remittance service providers.

Reporting & Disclosures

New Zealand Issues Guidance on GHG Assurance Reports

By Thisanka Siripala | 17/02/2025

The guidance clarifies that only the GHG emissions disclosures within CREs’ climate statements are mandated for assurance by 31 Dec 2025.

Structural Regulation

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and simplified its guidance regarding relief and no-action letters by centralising related guidance and amending outdated references

Credit Risk

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.

Payments & Settlements

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.

Cloud & Infrastructure

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.

Fraud, Scams & Cybercrime

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