Tag: Australia

The Australian government plans to implement mandatory climate-related financial disclosure requirements from 2024.

Moody's Analytics recently put a spotlight on the ongoing ultimate beneficial ownership (UBO) rule enhancements in the Asia Pacific region.

The Attorney General’s Department (AGD) in Australia initiated a public consultation on 20 April 2023 to discuss proposed reforms to the country’s anti-money laundering and counter-terrorism financing (AML/CTF) regime. These potential changes aim to broaden the current AML/CTF legislation to cover 'tranche-two' high-risk sectors including lawyers, accountants, real estate agents, company service providers, and dealers in precious metals and stones.

As cryptocurrencies become increasingly popular, the risk of scams targeting investors has grown. In response, Commonwealth Bank (CBA) has launched new safety measures aimed at safeguarding its customers. The bank will now impose restrictions, delays, and limits on certain payments to cryptocurrency exchanges.

The Australian government has created a new net zero authority to ensure stakeholders can ‘seize the opportunities’ of net-zero.

Key Australian FinTech investment stats in Q1 2023: • Australian FinTech deal activity reached 22 deals in Q1 2023, a 56% drop from Q1 2022 •...

The Australian government will issue its first-ever green bond in 2024 following an announcement by Treasurer Jim Chalmers.

Waave, a Syndey-based FinTech that uses open banking technology, has raised $4.7m in a seed round backed by key angel investors.

Fivecast, an open-source intelligence software firm, has closed its Series A funding round and has raised $20m.

Australia is expected to reveal the details of its updated Tranche 2 anti-money laundering (AML) and counter-terrorism financing (CTF) laws towards the end of...