DeFi, NFT emerging financial crime risks

Austrac has included decentralised finance and NFTs in a list of emerging risks in its latest financial crime guide, saying the increase in their use has created opportunities for money laundering and.. read more

EML cuts earnings guidance

EML Payments is having trouble shaking off the impact of its run-in with the Central Bank of Ireland last year, reporting in a trading update yesterday that it is still paying high remediation costs.  read more

Westpac fined $40m for ‘death advice’

Justice Beach on Friday handed down his decision in the last of six separate civil penalty proceedings filed by ASIC against Westpac in November 2021 penalising Westpac A$40 million for charging advic.. read more

Banks bet on rising rates to improve margins

A cash rate of around 1 per cent by the middle of next year, which is within conservative forecasts, would be enough to provide banks with near-term margin upside of as much as 12 basis points. read more