An Australian regulator said the country’s banking industry has not convinced it to let banks impose new security measures for customers using online banking. The proposals, outlined in a report this week by the Australian Securities and Investment Commission (ASIC), had called for an update...
A key regulator in Australia’s financial services industry said this week that the charges accusing Commonwealth Bank of Australia (CBA) of engaging in money laundering will not hobble its ability to operate. According to news reports from Reuters, Australian Prudential Regulation Authority (APRA) chairman Wayne...
July 15, 2024
Banks in Australia are issuing $19 million in refunds to low-income customers. The move follows an investigation by the Australian Securities and Investment Commission, which said in a Monday (July 15) press release that it determined four of the country’s banks “systemically charged high fees to those customers who could least afford it.” A report […]
March 08, 2022
An Australian regulator said the country’s banking industry has not convinced it to let banks impose new security measures for customers using online banking. The proposals, outlined in a report...
September 14, 2017
A key regulator in Australia’s financial services industry said this week that the charges accusing Commonwealth Bank of Australia (CBA) of engaging in money laundering will not hobble its ability...
