Regulators in Asia and Europe have taken divergent approaches towards marketing environmental, social and governance-related (ESG)
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Australia to push ahead with Tranche 2 laws amid international pressure
The Australian government is preparing to move ahead with the long-awaited second tranche of the country’s anti-money laundering regime
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ANALYSIS: Sri Lankan currency controls reflect fraught financial crime landscape
The active enforcement of currency controls in Sri Lanka, amid a deepening economic crisis, has underscored the fluid operating environment for risk and compliance teams in the Asia-Pacific region.
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Crypto assets: The regulatory noose tightens
The media release noted that Treasury would prioritise “token mapping” work in 2022, which would help identify how crypto assets and related services should be regulated and suggested this would be revolutionary.
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Special Report: ESG Under Strain
After a period of ascendancy, the momentum behind ESG initiatives among companies and governments has recently come under strain.
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ASIC wins first criminal conviction over “fees for dead people” scandal
The Australian conduct regulator has secured its first criminal conviction for failing to update defective disclosure statements, over the “fees for dead people” scandal that emerged from the financial services royal commission.
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IMPACT ANALYSIS: Star Casino appoints new chairman as AML/CTF breaches escalate before inquiry
The Star Entertainment Group Pty Ltd has announced to the Australian Stock Exchange (ASX) that John O’Neill will assume the role of executive chairman, following the resignation of Matt Bekier.
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IMPACT ANALYSIS: ASIC warns companies to get their whistleblower policies in order
whistleblower protection regime, the Australian Securities and Investments Commission (ASIC) has warned.
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Australian senators keep pressure on for AML/CTF law reform, ahead of Senate report
The Australian Greens have introduced legislation in the Senate as part of a broader campaign to pressure the government to push ahead with Tranche 2 of the anti-money laundering and counter-terrorism financing (AML/CTF) regime
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OUTLOOK 2022-Australian regulators look to economic recovery in wake of pandemic pain
Australia’s key financial regulators have made a surprise decision to target economic recovery and resilience as one of their principal goals for the year ahead.
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