All posts tagged "Treasury"
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393AML / KYCOFAC Sanctions Adult Children of Myanmar Military Leader
The two adult children of the commander-in-chief of Myanmar’s military, Min Aung Hlaing, and six of their companies, have been designated by OFAC.
March 12, 2021 -
221Australia & NZAustralia Launches Review of AFCA’s Functions, Performance
The Treasury will ascertain whether AFCA is operating effectively and achieving its objectives, and whether there is a need for a mechanism for reviewing the substance of its decisions.
February 26, 2021 -
146Australia & NZAustralia Finalises Changes to Continuous Disclosure Laws
The changes will discourage opportunistic class actions and protect companies from liability unless their officers have acted with “knowledge, recklessness or negligence”.
February 21, 2021 -
12.1KAustralia & NZBEAR Has Brought Desired Culture Changes at Banks: Research
New research from Macquarie University has found that the BEAR has changed behaviour and culture at banks for the better.
February 19, 2021 -
236Asia-PacificBangladesh to Launch New Interbank Money Market Platform
The platform will help to promote more efficient liquidity movements among conventional banks and NBFIs, said a Bangladesh Bank official.
February 18, 2021 -
232Australia & NZASIC Governance Review Clears Chairman of Wrongdoing
James Shipton has temporarily returned to his role as chair, but will step down in the coming months. Treasury will search for a new chairperson.
February 2, 2021 -
346AML / KYCWhite House Bans US Transactions With Chinese Payment Apps
White House allies including Treasury Secretary Steve Mnuchin also reportedly pressured the NYSE to again reverse its decision on delisting Chinese telecom stocks.
January 7, 2021 -
363Australia & NZATO Reviews Superannuation Withdrawals for Rule Breaches
The ATO will consider applying penalties for wrongful superannuation withdrawal only in serious cases where an applicant has deliberately applied, knowing they were not eligible.
January 6, 2021 -
260Fintech / Regtech
US Regulators Call for Responsible Stablecoin Design, Operation
Stablecoin participants and arrangements should register with FinCEN and comply with AML, sanctions, recordkeeping and reporting requirements.
December 31, 2020 -
452AML / KYCUPDATED – FinCEN Proposes Reporting, Recordkeeping Rules for Crypto
Under the proposed rule, FIs will have to keep records of customers' crypto transactions and counterparties, and whether they are using unhosted wallets.
December 24, 2020
