All posts tagged "ANZ"
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114Australia & NZACCC Accredits Westpac as Data Recipient Under CDR
ADRs are allowed to receive information from other data holders and offer products and services under the consumer data right regime.
October 11, 2021 -
132Australia & NZNew Zealand: Class Action Filed Against ANZ, ASB
The class action reportedly involves interest and fees ANZ and ASB were not entitled to charge due to breaches of their disclosure obligations.
October 5, 2021 -
239Australia & NZNew Zealand Banks ANZ, Kiwibank Hit with DDoS Attacks
ANZ said it had recovered on Thursday but online services were intermittent on Friday. Kiwibank was still working to get its systems back up through Sunday.
September 13, 2021 -
233AML / KYCAUSTRAC Releases Banking Sector Risk Assessments
The big four represent the highest risk due to the scale of retail products and services they offer, particularly those that facilitate cash transactions and rapid funds transfers.
September 8, 2021 -
175Australia & NZAustralian Banks to Complete First CVA Analysis by Year-End
APRA has released a new paper describing the Climate Vulnerability Assessment now underway at Australia's five largest banks.
September 6, 2021 -
221Fintech / RegtechMAS Announces Finalists for Global CBDC Challenge
The finalists include ANZ, Citibank, Consensys, HSBC, IBM, Soramitsu, Standard Chartered, among others. They will progress to an eight-week Acceleration Phase to further develop and refine their solutions.
August 31, 2021 -
158Australia & NZASIC Issues Update on Compensation Paid for Non-compliant Advice
Australia’s 6 largest FIs have paid over A$1.86 billion to compensate customers for fees-for-no-service misconduct and non-compliant advice.
August 6, 2021 -
163Australia & NZAustralian Treasury Proposes to Lower Barriers to CDR Participation
Rule amendments include changes to reduce barriers to participate in open banking and increase participation in the CDR by data recipients and consumers.
July 7, 2021 -
121AML / KYCCBA Contractors May Have Cut Corners on Compliance Tasks
Contract workers reportedly had to cut corners on compliance tasks to meet their KPIs, including by copy and pasting text from templates to fill reports sent to AUSTRAC.
June 29, 2021 -
119Enforcement105 More Charges Laid Against Hin Leong Founder
Lim Oon Kuin now faces a total of 130 charges, including 68 for cheating, 47 for abetment of forgery, and 14 for abetment for forgery for the purpose of cheating.
June 28, 2021
