Australia

ACCC Backs Industry Collaboration to Secure Australia's Cash Supply

By Sanday Chongo Kabange | 27/10/2025

The ACCC has proposed authorising banks and retailers to collaborate on ensuring cash distribution amid concerns about the viability of services.

Enforcement

Australia Court Penalises Westpac Unit for Widespread Home Loan Failures

By Sanday Chongo Kabange | 27/10/2025

The Federal Court has penalised the Westpac subsidiary after it admitted to systemic compliance failures, including using unlicensed referrers and falsified documents.

Trending

APRA Revises Governance Proposals After Industry Feedback

By Sanday Chongo Kabange | 27/10/2025

APRA will extend proposed director tenure limits to 12 years and walk back plans for new board independence and pre-appointment checks.

Enforcement

ASIC Bans Adviser for 7 Years Over High-Risk Super Advice

By Sanday Chongo Kabange | 26/10/2025

ASIC found Jovan Videkanic gave inappropriate advice on self-managed super funds and speculative investments while at United Global Capital and MWL Financial Services.

AML / KYC

AUSTRAC, Pacific FIUs Deepen AML Push on Crypto, Child Exploitation

By Sanday Chongo Kabange | 24/10/2025

A new intelligence guide and shared technology aim to help financial institutions detect emerging regional financial crime threats.

Fintech / Regtech

Compliance Expertise is Invaluable in the ‘Age of AI’

By Nathan Lynch | 24/10/2025

Rather than replacing human talent, the AI arms race is making skilled and experienced compliance professionals more valuable than ever, writes Nathan Lynch.

Capital / Liquidity

APRA Proposes Flexible IRB Pathway to Boost Bank Competition

By Sanday Chongo Kabange | 23/10/2025

APRA’s new framework offers a phased, more transparent process for internal ratings-based accreditation, responding to concerns from medium-sized banks.

Sanctions

Australia Charges Remitter, Warns Financial Sector on Sanctions

By Sanday Chongo Kabange | 23/10/2025

A Sydney man faces charges for allegedly sending AUD 650,000 to sanctioned Iranian banks, as regulators renew industry warning.

Fintech / Regtech

Australia Overhauls Voluntary AI Rules, Refocusing on Core Practices

By Manesh Samtani | 23/10/2025

New guidance consolidates a previous framework into six essential practices, aiming to simplify responsible AI adoption for Australian businesses.