All posts tagged "Treasury"
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592AML / KYCUS Congress Includes Corporate Transparency in Defence Bill
The legislation will establish reporting requirements on beneficial ownership information, which could effectively end anonymous shell companies in the US.
December 8, 2020 -
1.0KEuropeLloyds UK Launches First Live Link of ‘SWIFT gpi Instant’
Remittance payments from anywhere in the world destined for the UK routed through Lloyds can arrive in seconds with fee and foreign exchange transparency.
December 3, 2020 -
751EnforcementUS OCC Fines JPMorgan for Weak Controls Over Fiduciary Activities
The deficiencies identified by the OCC constituted unsafe or unsound practices that were part of "a pattern of misconduct", says the consent order.
November 29, 2020 -
448Australia & NZAustralia Concludes Review of Retirement Income System
The review signals little urgency to increase compulsory employer superannuation payments, as legislated, to 12 percent by 2025.
November 26, 2020 -
695Australia & NZ
Australian Treasury Seeks Feedback on Payments System Regulation
The paper seeks views on the adequacy of the current regulatory architecture for developments such as stablecoins, cryptocurrency, digital wallets, stored value facilities and open banking.
November 24, 2020 -
1.3KAustralia & NZASIC Seeks Greater Powers to Collect Data from Managed Funds
ASIC's Karen Chester says insolvencies and macro forces could present greater liquidity challenges to fund managers and affect investors' ability to withdraw from funds.
November 21, 2020 -
562Australia & NZ
ASIC Deputy Chair Crennan Resigns Amid Expense Probe
The probe relates to almost A$200,000 in payments that were made on behalf of Chairman James Shipton and to Deputy Chair Daniel Crennan that may have exceeded official limits.
October 27, 2020 -
1.6KAML / KYCGoldman Resolves Remaining 1MDB Charges for $2.9bn
Under the coordinated resolution, Goldman will pay $606mn in disgorgement and more than $2.3bn in penalties to authorities in the US, UK, Hong Kong and Singapore.
October 23, 2020 -
1.4KAML / KYCUS Justice Dept Publishes Cryptocurrency Enforcement Framework
The framework provides a detailed threat overview, cataloging the three categories into which most illicit uses of cryptocurrency typically fall.
October 13, 2020 -
920Australia & NZ
Australia Federal Budget Delivers Super Fund Accountability
Super funds will be forced to enhance disclosures on fees and performance. Consistently underperforming super funds will be prohibited from receiving new members.
October 9, 2020
