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How AI and culture are driving Australia’s AML evolution
Australia’s financial crime framework is heading into one of its most significant overhauls in years, prompting industry leaders to examine how upcoming regulatory shifts...
RegTech platform Deckard raises $3.9m Mighty funding
Deckard Technologies, a GovTech data platform helping local governments improve compliance rates and optimise tax revenue collection across property rentals, has secured a $3.9m growth credit facility from Australia-based Mighty Partners.
Southeast Asia and Australia tighten financial crime rules
Financial crime regulation is undergoing rapid transformation across Southeast Asia and Australia, with authorities moving to tighten frameworks and provide clearer enforcement guidance.
The changes...
ANZ unveils instant account lock against fraud
ANZ has officially launched its Digital Padlock feature, designed to give customers instant control if they suspect their accounts are under attack.
Navigating global shareholder reporting changes
Shareholding disclosure rules remain a cornerstone for market transparency across global jurisdictions, requiring investors to report holdings when they hit specific thresholds tied to voting rights, share capital or the total outstanding shares in a class. However, keeping pace with regulatory shifts impacting disclosure data and reporting processes has become increasingly challenging for financial institutions.
NAB fined $751k over CDR data disclosure failures
National Australia Bank (NAB) has paid $751,200 in penalties after being issued with four infringement notices by the Australian Competition and Consumer Commission (ACCC)...
OFX partners with Know Your Customer to boost payment security
OFX has announced a strategic partnership with Know Your Customer Limited to strengthen its global payment security through enhanced business verification solutions.
Westpac unveils AI fraud detection tool for frontline customer protection
Westpac has launched a new AI-powered call assistant designed to help frontline staff detect scams in real-time during customer calls.
The development of this AI tool...
MyPass raises A$7.5m to expand digital credentials platform across North and...
MyPass Global, a technology company specialising in workforce onboarding, compliance, and credential management, has secured A$7.5m ($4.7m) in Series A funding.
The round was led...
Mastering KYC compliance: Strategies for Australian businesses
In today's digital landscape, the importance of identity verification extends beyond mere procedure; it's a critical safeguard against escalating fraud risks.
