On March 30, 2023, Senator Andrew Bragg introduced a private bill proposing standards for the cryptocurrency industry in Australia. Known as The Digital Assets (Market Regulation) Bill 2023, the regulation aims to “protect consumers and promote investors” by installing three […]
On March 20, 2023, the Monetary Authority of Singapore (MAS) announced that the Financial Services and Markets (Amended) Bill (FSM(A)B) moved into its first reading in parliament. The proposed amendments to this legislation will help create a regulatory framework for […]
With a growing, diverse customer base covering global accounting giant BDO Global, consumer skincare brand Dermalogica, and startup incubator Stone & Chalk, Paytron needed a solution that could scale with its user base.
Following February’s plenary, the Financial Action Task Force (FATF) issued two new reports related to countering ransomware financing. One report analyzes the methods cybercriminals use to carry out attacks and the techniques they use to launder ransom payments, while the […]
During a global gaming industry conference held in Sydney from March 6 to 10, the Australian Transaction Reports and Analysis Centre (AUSTRAC) announced the launch of a new specialist unit to combat the rising threat of money laundering in the […]
On March 3, 2023, the Monetary Authority of Singapore (MAS) issued a circular on money laundering and terrorist financing (ML/TF) in the wealth management sector. The guidance follows the launch of MAS’ Financial Services Industry Transformation Map (ITM) 2025, which […]
On February 9, 2023, the Hong Kong Monetary Authority (HKMA) published revised guidance relating to transaction monitoring, screening, and suspicious transaction reporting. The paper replaces previous versions that were published in 2013 and 2018, highlighting key observations from the HKMA’s […]
On February 18, 2023, the Australian Transaction Reports and Analysis Centre (AUSTRAC) announced it had signed a Memorandum of Understanding (MOU) with two British regulators in an effort to further crack down on international financial crime. The agreements were signed […]
The Liberal and Nationals Government of New South Wales (NSW) has unveiled its plan to make all poker machines in the state cashless by 2028, following an inquiry by the NSW Crime Commission. According to the state’s Premier Dominic Perrottet, […]
On February 3, 2023, the Australian government published a consultation paper, exploring which elements of the cryptocurrency ecosystem require additional regulation. This paper follows a joint statement issued in August 2022 by Treasurer Jim Chalmers and Assistant Minister for Competition, […]
The Australian Federal Police has announced it recorded a spike in online financial sextortion reports over the Christmas/Summer 2022 school holiday period. According to the AFP-led Australian Centre to Counter Child Exploitation (ACCCE), reports from December alone increased by almost […]
The Thai Bankers’ Association (TBA) is discussing how to accelerate the establishment of a new investigative authority that will monitor deceptive and fraudulent transactions linked to criminals.
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