Australia

Fintech / Regtech

ASIC Calls on BNPL Providers to Act Early to Secure Licence

By Sanday Chongo Kabange | 21/01/2025

A law passed in December requires BNPL providers to have a licence by 10 June 2025, subject to transitional arrangements

ASIC Appoints New CEO to Spearhead Next Phase of Transformation

By Thisanka Siripala | 17/01/2025

Starting 17 March 2025, ASIC’s new CEO will be Scott Gregson, who has been at the ACCC for nearly 30 years and currently serves as its CEO.

AML / KYC

Australia Launches Nationwide Scam Awareness Campaign

By Sanday Chongo Kabange | 16/01/2025

The ‘Fighting Scams Campaign’ aims to increase awareness and action of “three simple, memorable steps” to safeguard against scams.

Enforcement

AFCA Working to Resolve Complaints from Latitude Cyber Attack

By Thisanka Siripala | 16/01/2025

AFCA has 224 open complaints over the 2023 cyber-attack at Latitude Financial Services, all of which should be resolved by 30 June 2025.

AML / KYC

AUSTRAC Gains Expanded Powers Under Amended AML/CTF Act

By Sanday Chongo Kabange | 14/01/2025

Law firm Corrs Chambers Westgarth said the new powers, and the speed with which they have taken effect, could indicate that AUSTRAC will pursue individuals more actively

Crypto / Digital Assets

Digital Asset Regulation: A Turning Tide in Australia

By Natasha Teja | 13/01/2025

Amid mounting pressure at home and abroad, Australian regulators are slowly turning to face digital assets

RBNZ Issues First Non-Bank Deposit Taker Licence in 8 Years

By Sanday Chongo Kabange | 10/01/2025

The RBNZ granted the licence to Welcome Limited, which plans to offer higher deposit rates than banks and more flexible mortgage solutions

ESG / Sustainability

Regulation Asia: Top 10 Contributed Articles for 2024

By Editors | 05/01/2025

This list presents the most-read contributed articles published by Regulation Asia in 2024, based on aggregated user traffic.

Australia Seeks Input on Use of Legal Professional Privilege Claims

By Editors | 02/01/2025

Discussion paper seeks feedback on addressing improper use of legal professional privilege claims, such as to delay or hinder investigations.