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Big Tech Compliance Tracker: Amazon Looks To Increase Fees With Digital Tax In Spain; Google Might Make Search Inaccessible In Australia

PYMNTS

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments and consumers. . Amazon Plans to Raise Fees for Companies in Wake of New Digital Tax in Spain . Google Raises Specter of Making Search Inaccessible in Australia. 21, according to the report. .

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Amazon To Block Australian Shoppers From US Site

PYMNTS

In a move that will send traffic to its Australian website, Amazon said it will make Australians use its Australia site instead of its larger U.S. site, but the change comes amid a new sales tax on imported goods, Business of Fashion reported. The Australian site has a smaller selection than the U.S. While Amazon’s U.S. retailers.

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Australia Tightens Leash On Bank Execs

PYMNTS

Australia has introduced tougher rules on banks that will go into effect as early as next month, including capping executives’ salaries, delaying their bonuses and driving them out of the industry if they are guilty of wrongdoing.

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Blockchain Tracker: Blockchain’s Possible Impact On The Economy

PYMNTS

Specific to the Australian economy, the country’s treasurer Scott Morrison said that its report would have a profound impact on delivering significant productivity, security and efficiency gains. He said, “Australia now has a clear picture of how blockchain technology could transform our economy in the coming decades.

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Large firms are consolidating power like Scott Morrison consolidates jobs – and it’s hurting productivity | Greg Jericho

TheGuardian

In a speech today, the assistant minister for competition, Andrew Leigh, will point the finger at big business over the inflation crisis Most Australians became acutely aware of market power in 2011 due to, of all things, the price of milk. Prior to 2011, milk prices rose largely in line with inflation.

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Australia’s Westpac Nailed For 23M AML Violations 

PYMNTS

Westpac reported the breaches to AUSTRAC and shuttered the service that allowed customers and affiliate overseas banks to process payments from Australia. Last year, the Commonwealth Bank of Australia paid a record A$700 million in fines after allowing 53,750 payments that violated similar protocols.

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Australian Government Discloses Sophisticated Attack On Parliament Computer Network

PYMNTS

Australian Prime Minister Scott Morrison said the computer network of the parliament in the country and those computers that belong to the Liberal, Labor and National parties were also targeted in the attack that went down a few weeks ago, according to a report in TechCrunch. election in 2016. election in 2016.

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