The government said the bill strikes "the right balance between achieving fast and convenient identity verification and maintaining strong standards of privacy and security.
September 18, 2023The bill will make it illegal for online gambling companies to accept credit cards, credit related products and digital currency as payment methods for online gambling.
September 15, 2023The ABA and its member banks are permitted to collaborate on the development of cross-industry standards to combat scams.
August 3, 2023The Advisory Board agreed to develop a naming convention for scams that will underpin the data sharing and analytics needed to disrupt scams.
July 24, 2023Digital currency exchanges have to meet additional requirements to continue using services on Cuscal's platform.
June 22, 2023A coalition of companies has called on the government to require banks to disclose all the costs of international money transfers upfront.
June 19, 2023A new licensing framework will be introduced, including for payment stablecoin issuers. RBA will explore fast payment links with other jurisdictions.
June 9, 2023The platform streamlines communications so banks can alert each other in real time when funds have been sent to a suspected scammer's account.
May 16, 2023Funding is provided to AUSTRAC, the Attorney-General’s Department, ASIC, the ACCC, and the launch of an SMS Sender ID Registry.
May 10, 2023Bank Identification Numbers (BINs) will be used to identify and block credit card payments. The ACMA will enforce the ban.
May 3, 2023