All posts tagged "CBA"
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49ChinaChinese Banks Jointly Declare Support for Biodiversity Protection
36 Chinese banking and financial institutions, 24 foreign banks and international organisations have jointly signed a biodiversity protection declaration.
October 22, 2021 -
148Australia & 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 -
210Australia & NZACCC Approves NAB as Accredited Data Recipient Under CDR
NAB is Australia's second big four bank to become an accredited data recipient under the CDR regime, which underpins open banking.
September 22, 2021 -
218Australia & NZACCC Launches Formal Investigation into Apple Pay
Cards held in a third-party wallet such as a bank app can pay in-store only if they are routed through Apple Pay for a cost.
September 18, 2021 -
195Australia & NZCBA Faces Criminal Charges Over Consumer Credit Insurance Sales
Commonwealth Bank plans to plead guilty to making false or misleading representations to customers about insurance policies.
September 17, 2021 -
246AML / 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 -
176Australia & 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 -
145Australia & NZCourt Orders CBA to Publicise Overcharging Misconduct
The Federal Court has ordered CBA to publish notices on its website and its newsroom platform under the heading “Notification of Misconduct by CBA”.
August 17, 2021 -
159Australia & 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 -
122AML / KYC
CBA 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
