ADVERTISEMENT
Australia
KYC & CDD
Big Four Australian Banks Start Using ConnectID System
By Thisanka Siripala | 04/02/2025
Over 10 million customers will be able to verify their identities using ConnectID without sharing unnecessary personal information
Conduct, Culture & Accountability
Australia to Review Compensation Scheme of Last Resort
By Thisanka Siripala | 03/02/2025
The review will address concerns that the scheme will largely be funded by financial advisers, which will increase the cost of financial advice for consumers.
Conduct, Culture & Accountability
Australian Federal Court Sides With APRA in BUSSQ Case
By Thisanka Siripala | 03/02/2025
BUSSQ had challenged APRA’s decision to require the firm to engage an independent expert to review its processes for assessing fitness and propriety
Conduct, Culture & Accountability
Australia to Introduce Mandatory Service Standards for Super Funds
By Thisanka Siripala | 02/02/2025
The standards will focus on improving how death benefit payouts are handled, how insurance claims are processed and how super funds communicate with members
Fraud, Scams & Cybercrime
Australia Identifies 5,000 Potential Victims of Romance Scams
By Sanday Chongo Kabange | 01/02/2025
The potential victims were identified from devices found by Philippine authorities at a Manila-based scam compound
Conduct, Culture & Accountability
APRA Publishes New Data on Super Fund Expenditures
By Thisanka Siripala | 31/01/2025
The data shows that Hostplus spending on sponsorships in the 2024 financial year made up 43% of what all super funds spent collectively.
Fraud, Scams & Cybercrime
ASIC Calls Out Super Funds for Weak Anti-Scam Practices
By Thisanka Siripala | 31/01/2025
None of the 15 superannuation trustees that were reviewed by ASIC had an organisation-wide scams strategy in place
PEPs & Sanctions
Australia Issues New Guidance on Sanctions Compliance
By Editors | 30/01/2025
The ASO also released a Sanctions Compliance Toolkit and a Sanctions Risk Assessment Tool to facilitate compliance with Australian sanctions laws
Fraud, Scams & Cybercrime
Australian Banks Call Out Meta for Failing to Tackle Scams
By Thisanka Siripala | 30/01/2025
CBA and Westpac said in parliamentary submissions that Meta is failing to take action to remove scam-related pages and posts on Facebook.
Fraud, Scams & Cybercrime
New Zealand Starts Publishing More Data on Banking Complaints
By Thisanka Siripala | 28/01/2025
Kiwibank had the highest number of total cases for the October to December quarter when adjusted for market cap
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.