The Australian Taxation Office (ATO) has released Compliance in focus 2013-14 (July 2013), which "highlights the compliance risks attracting [the ATO's] attention and the actions [the ATO is] taking to deter, detect and deal with those who do not meet their tax and superannuation responsibilities".
The New Zealand (NZ) Commerce Commission has made available Mergers and Acquisitions Guidelines (updated July 2013), which "explain how the Commerce Commission assesses whether or not an acquisition of a firm's assets or shares would be likely to substantially lesson competition in a market, and the process [the Commerce Commission] follow[s] when considering clearance applications".
Visa and MasterCard have jointly made a submission to the Australian Competition and Consumer Commission (ACCC), urging 90% of in-store credit card sales to be verified by personal identification number (PIN) rather than by signature by 30 June 2014, in a bid to reduce credit card fraud.
The Hong Kong (HK) Securities and Futures Commission (SFC) has announced that it has brought proceedings in the Market Misconduct Tribunal (MMT) against Tiger Asia Management (Tiger Asia) and three of its officers regarding security dealings for Bank of China and Chian Construction Bank Corporation during 2008 - 2009.
Australian federal Attorney-General Mark Dreyfus has written to the Australian states and territories to seek their views on the use of surveillance drone aircraft and whether they are regulated adequately.
RIA Novosti reports that Russian police have uncovered a money laundering operation believed to have illegally transferred RUB36 billion (approximately €840 million/US$1.1 billion) out of Russia. The Russian Ministry of the Interior reportedly stated that a number of commercial banks and approximately 100 Russian and foreign companies were used to launder the money via "one-day companies" and the purchase of real estate in Cyprus and the Baltic states.
The Government of Macau is considering the introduction of a cross-border cash declaration system in order to help combat money laundering.
The Australian Competition and Consumer Commission (ACCC) has announced that bottled water brands Organic Springs, Lithgow Valley Springs Organic, Nature's Best Organic, Active Organic, Organic Australia, Organic Falls and Organic Nature's Best will remove "organic" claims from their marketing and labelling material, with Aqua Organic withdrawing from sale altogether.
The Australian Securities and Investments Commission (ASIC) has announced that HSBC Bank and the Commonwealth Bank of Australia have modified their advertising for selected retail structured products following ASIC "concerns that the materials were potentially misleading".
The Australian Securities and Exchange Commission (ASIC) has announced that it will be focusing on "communications between companies and the investment analysts that cover their stock" and will conduct spot checks to "hear how companies brief analysts and understand their procedures" this reporting season.
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