ADVERTISEMENT
Australia
Market Infrastructure
ASX Pledges to Implement Further Governance Improvements
By Sanday Chongo Kabange | 31/07/2023
ASX has pledged to, within three months, implement 16 recommendations made by Herbert Smith Freehills in its review of the group’s governance structure.
Consumer Complaints Reach Record High, says AFCA
By Editors | 30/07/2023
The rise in complaints is attributed scams, insurance claim delays, and banking disputes, AFCA said.
Market Infrastructure
NZ Regulators Demand Progress on Real-Time Payment System
By Editors | 27/07/2023
RBNZ and the Council of Financial Regulators criticised Payments NZ’s slow progress towards a real-time payment system.
Enforcement
Australia Fines Meta A$20m Over Misleading Data Usage Practices
By Editors | 27/07/2023
Australian Federal Court ordered Meta’s subsidiaries to pay AUD 20 million over deceptive consumer data usage, impacting over 270,000 users.
AML / KYC
Australia: National Digital ID System Could Launch Within 12 Months
By Editors | 27/07/2023
Australia’s national digital ID system to revolutionise identity verification, streamline processes and enhance security.
AML / KYC
UK and Australia Illicit Financing Co-ordination Dialogue
By Editors | 27/07/2023
High-level dialogue between UK and Australia reaffirms commitment to combat illicit financing and corruption.
Enforcement
ASIC Lodges Court Action Against Vanguard for Alleged Greenwashing
By Editors | 26/07/2023
ASIC said Vanguard falsely claimed the index it used excluded issuers with significant business activities involving fossil fuels.
FMA Starts Accepting Licence Applications Under CoFI Regime
By Ranamita Chakraborty | 26/07/2023
The FMA urges firms to prepare their applications “as early as possible” to ensure they can continue providing services after 31 March 2025.
Crypto / Digital Assets
Westpac and CBA Pilot Test Digital Australian Dollar
By Editors | 25/07/2023
Westpac and CBA used a CBDC to execute trades with certificates of deposit. Imperium Markets hosted the trades on its marketplace.
AML / KYC
Australia’s New Anti-Scam Centre Holds First Advisory Board Meeting
By Editors | 24/07/2023
The Advisory Board agreed to develop a naming convention for scams that will underpin the data sharing and analytics needed to disrupt scams.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.