All posts tagged "Treasury"
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82Australia & NZAFMA Calls For Speedy Passage of OBU Legislation
Delays in passing legislation to reform the Offshore Banking Unit regime could harm Australia and undermine how it is perceived by foreign investors.
September 2, 2021 -
110Australia & NZAustralian Govt Freezes ASIC Levy for Financial Advisers
Treasury will review the ASIC Industry Funding Model to ensure it remains fit for purpose amid structural changes taking place in the advice industry.
August 31, 2021 -
76Australia & NZACCC Opens Competition Inquiry Into NAB-Citigroup Deal
The ACCC has asked interested parties to submit their views regarding NAB’s proposed acquisition of Citigroup’s Australian consumer banking business by 13 September.
August 31, 2021 -
109Australia & NZASIC Prioritises Economic Recovery in New Corporate Plan
ASIC's key external priorities for the next four years include the economy, innovation, consumer harm, cyber resilience, and industry readiness for regulatory reforms.
August 27, 2021 -
89Australia & NZ
Australia to Further Amend Design & Distribution Obligations Law
The planned changes will make the DDOs law more appropriate for the mortgage broking sector, and clarify that margin lending to corporates is exempt, among other changes.
August 16, 2021 -
10.5KAML / KYCUS Real Estate the ‘Preferred’ Money Laundering Destination: GFI
Lawyers, real estate agents, investment advisers, and bank employees have repeatedly facilitated money laundering through US real estate by HNWIs and PEPs.
August 13, 2021 -
122Australia & NZNAB Enters Agreement to Acquire Citigroup Consumer Business
Subject to regulatory approvals from the Treasury, APRA and the ACCC, the acquisition is expected to be complete by March 2022.
August 11, 2021 -
207AML / KYCUS Government Warns Of Rising Business Risk in Hong Kong
A business advisory from four US government agencies says US firms should be aware of the risks they face if they continue operating in Hong Kong.
July 18, 2021 -
129AML / KYCUS, Switzerland Announce New Sanctions Against Myanmar
The Treasury has sanctioned 22 more individuals connected to Myanmar's military, while the Department of Commerce added four companies to its Entity List.
July 7, 2021 -
144Australia & NZ
Australian 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
