Enforcement

Australia: Ex-Wealth Manager Held in Contempt of Court

03/07/2025

Joshua Fuoco will never be allowed to be involved in financial services or credit activities, following an undertaking he gave to the Federal Court.

AML / KYC

New Zealand FMA Issues Warning to Investors on Crypto Risks

03/07/2025

The FMA warned that the most common crypto scams are related to fake online crypto investment platforms.

Fintech / Regtech

ACCC Grants AusPayNet Authorisation to Facilitate End of Cheques System

03/07/2025

The ACCC granted final authorisation allowing AusPayNet to engage with government and industry participants on winding down Australia’s cheque system.

Hong Kong Rejects Calls to Allow MPF Use for Home Purchases

03/07/2025

The government has dismissed proposals for housing loans and dedicated accounts, citing risks to retirement savings and the need for higher contributions.

Enforcement

BUSSQ Publishes Independent Expert Report on Remediation Efforts

02/07/2025

APRA confirmed that BUSSQ has issued the report, which details the super fund’s efforts to address governance and risk management deficiencies.

Enforcement

ASIC Sues Coal Power Operator for Market Manipulation

02/07/2025

ASIC alleges that Delta Power & Energy engaged in futures market and financial benchmark manipulation on 30 occasions.

Market Infrastructure

New Zealand’s New Depositor Compensation Scheme Takes Effect

02/07/2025

The new depositor compensation scheme protects depositors for up to NZD 100,000 in the event their bank or other licensed deposit taker fails.

Fintech / Regtech

Australia Consults on Future Vision of Payments Infrastructure

02/07/2025

Two consultations on the future of Australia’s payments infrastructure have been issued, along with a conceptual framework from the RBA.

Fintech / Regtech

​Australian Banks Launch ‘Confirmation of Payee’ Service

02/07/2025

​The new name-matching service will help to prevent customers from being tricked into sending money to criminals.