Australia

Payments & Settlements

Australia Tables Bill to Regulate Wholesale Cash Distribution

By Sanday Chongo Kabange | 07/07/2026

The government has introduced new legislation to regulate the country's wholesale cash system, granting significant oversight and crisis management powers to financial regulators.

Fraud, Scams & Cybercrime

Australia Plans Misconduct Register to Combat Mortgage Fraud

By Manesh Samtani | 07/07/2026

The AFCE is developing a portal to track non-compliant mortgage brokers as the country grapples with billions in suspected loan fraud.

Structural Regulation

Australia Rejects Major Reforms to Address Regional Bank Closures

By Sanday Chongo Kabange | 07/07/2026

The Australian government has opted for market-based solutions and existing industry commitments over major structural reforms in its response to a Senate report on regional bank closures.

Conduct, Culture & Accountability

Australia Tables Bill to Hike Penalties for Tax Adviser Misconduct

By Editors | 07/07/2026

The proposed legislation follows the PwC tax leaks scandal and includes significantly increased financial penalties and expanded regulator powers to deter misconduct.

Fraud, Scams & Cybercrime

AFCA Rules Bendigo Bank Liable for Scam Loss Despite Customer Action

By Sanday Chongo Kabange | 07/07/2026

A ruling by the AFCA highlights bank liability under the ePayments Code, even where a customer has granted scammers remote system access.

Data Privacy

EY Staff Dismissed Over Alleged Breach of Australian PM’s Bank Data

By Sanday Chongo Kabange | 07/07/2026

A junior EY employee on secondment at CBA has been charged, placing fresh scrutiny on data security, third-party risk, and conduct at major consultancies.

KYC & CDD

Australia to Integrate Director IDs in Companies Register

By Sanday Chongo Kabange | 07/07/2026

New legislation will integrate Director Identification Numbers into corporate reporting from July 2027, introducing new obligations and stricter enforcement to enhance transparency and combat misconduct.

Anti-Money Laundering

AUSTRAC Finalises Enforceable Undertaking with Sportsbet

By Editors | 06/07/2026

The bookmaker has completed required remediation for serious anti-money laundering deficiencies identified during a sector-wide review by the regulator.

Structural Regulation

ASX Ordered to Pay AUD 20.5 Million for Misleading Conduct

By Sanday Chongo Kabange | 06/07/2026

The penalty stems from a misleading 2022 market announcement on the progress of its critical CHESS replacement technology project.