AUSTRALIA

Crypto / Digital Assets

ASIC Takes Crypto 'Financial Product' Definition to High Court

By Editors | 08/09/2025

The regulator will appeal a lower court ruling that a fixed-yield crypto product was not a financial service requiring a licence.

Sanctions

ASO Provides Key Technical Details for Consolidated List Overhaul

By Editors | 08/09/2025

Firms given detailed guidance on alias strength, data formats, and a hard cut-off date as the 1 November deadline for sanctions list changes approaches.

India's IFSCA and Australia's ASIC Sign Regulatory Cooperation Pact

By Editors | 05/09/2025

The agreement aims to facilitate mutual assistance and the sharing of information on supervision, enforcement, and financial technology.

Fintech / Regtech

Australia Passes Law to Regulate Digital Wallets, BNPL Services

By Sanday Chongo Kabange | 05/09/2025

The new legislation expands the RBA's oversight to new payment systems, including those operated by global tech companies.

Enforcement

Australian Senate Terminates Inquiry into Wealth Management Collapses

By Sanday Chongo Kabange | 04/09/2025

Senate committee declines to resume inquiry into Dixon Advisory, prompting calls for renewed scrutiny amid fresh fund failures.

Crypto / Digital Assets

Crypto Exchanges Targeting Australia's Super Fund Market - Report

By Editors | 04/09/2025

Coinbase and OKX are launching services for self-managed superannuation funds, testing a key market despite a sceptical stance from regulators.

Sanctions

Australia, UK and Canada Impose New Russia Sanctions

By Manesh Samtani | 04/09/2025

Australia and UK targeting human rights abuses. Canada tightening oil price cap measures. EU considering imposing secondary sanctions.

ASIC Seeks Industry Input on Major Regulatory Simplification Drive

By Sanday Chongo Kabange | 03/09/2025

ASIC has cut over 9,200 pages of regulation and is piloting consolidated rules in a multi-year bid to reduce compliance costs and complexity for firms.

AML / KYC

AUSTRAC Fines Revolut Payments for Late IFTI Reporting

By Sanday Chongo Kabange | 03/09/2025

AUSTRAC said Revolut Payments self-disclosed the reporting failures and subsequently implemented remedial controls.