Australia

Enforcement

ASIC Secures Guilty Pleas in Telegram ‘Pump and Dump’ Case

By Sanday Chongo Kabange | 11/06/2025

Four individuals pleaded guilty in a case involving a pump and dump scheme using a public Telegram group.

AML / KYC

APRA Demands Stronger Security Controls at Super Funds

By Sanday Chongo Kabange | 11/06/2025

RSE licensees must complete a self-assessment of information security controls and ensure protections like MFA are in place for high-risk activities and privileged access.

Fintech / Regtech

New Rules for BNPL Providers Take Effect in Australia

By Manesh Samtani | 10/06/2025

Australia starts enforcing stricter BNPL regulations, requiring providers to conduct credit checks before allowing customers to borrow money.

Market Infrastructure

ASIC Streamlines IPO Process for Faster Listings in Australia

By Sanday Chongo Kabange | 10/06/2025

ASIC has adopted a new approach to cut processing times for prospectus reviews and reduce administrative burdens for IPO hopefuls.

AML / KYC

Star Entertainment Pleads for Leniency in Money Laundering Case

By Manesh Samtani | 10/06/2025

Star Entertainment claims that its financial viability would be at risk if it were fined anything over A$100m, a quarter of what AUSTRAC is seeking.

Fintech / Regtech

Australia and Vietnam Sign MoU on Fintech Collaboration

By Nithya Subramanian | 09/06/2025

The agreement focuses on developing a robust fintech ecosystem and facilitating bilateral trade and investment in the financial services and technology sectors.

Market Infrastructure

Australia Consults on Cost Recovery Fees for New Merger System

By Sanday Chongo Kabange | 06/06/2025

Assistant Minister Andrew Leigh said the cost recovery fees are calibrated to reflect the resources the ACCC needs to carry out merger assessments.

AML / KYC

Stakes High in AUSTRAC’s A$400m Case Against Star Casino

By Nathan Lynch | 06/06/2025

AUSTRAC’s A$400m Star casino case will test the boundaries of Australia’s AML/CTF regime and potentially reshape the financial crime compliance landscape.

Market Infrastructure

Australia FSC Issues Best Practice Framework for Super Funds

By Sanday Chongo Kabange | 05/06/2025

The FSC has released a 12-principles superannuation best practice framework to improve retirement outcomes for fund members.