Australia

ASIC Identifies Defective Compliance Plans in Funds Sector 

By Sanday Chongo Kabange | 02/06/2025

ASIC review reveals widespread compliance plan deficiencies across the managed investment industry, prompting calls for industry improvement.

ESG / Sustainability

RIAA Launches 3rd Investor Toolkit to Tackle Human Rights Risks

By Editors | 02/06/2025

RIAA released the latest edition of its toolkit to help investors address human rights risks and promote ethical value chains.

NZ’s FMA Urges FIs to Simplify Products, Enhance Trust

By Manesh Samtani | 02/06/2025

New Zealand FMA is urging banks to enhance financial education, product transparency and debt management tools for consumers.

AML / KYC

AUSTRAC Chief Vows Tough Enforcement as AML/CTF Net Widens

By Nathan Lynch | 02/06/2025

As Australia expands its AML/CTF regime, Brendan Thomas warns of strict action against businesses that ignore obligations and enable financial crime.

Australian Super Funds Face Scrutiny Over Member Services

By Editors | 01/06/2025

Super funds are under pressure to improve member services, particularly in handling death benefit claims. Governance failures are a key concern.

Enforcement

ASIC Sues Former Blockchain Global Director Over ACX Exchange Collapse

By Editors | 01/06/2025

ASIC sues ex-Blockchain Global director over alleged mismanagement leading to ACX Exchange collapse and A$20mn in customer losses.

New Zealand FMA Seeks Feedback on Streamlining Licence Conditions

By Editors | 30/05/2025

The consultation seeks feedback from industry participants on potential overlap, areas for clarification, and the ongoing relevance of existing conditions.

AML / KYC

New Zealand Issues Guidance on Customer Risk Ratings

By Sanday Chongo Kabange | 30/05/2025

The DIA’s guidance is intended to help reporting entities establish customer risk-rating systems as required under domestic AML laws.

AML / KYC

AUSTRAC Orders Compliance Audits for Two Australian Casinos

By Editors | 30/05/2025

The auditors will assess each casino’s compliance with AML/CTF laws and regulations. AUSTRAC will decide on further action based on the findings.