AUSTRALIA

AML / KYC

AUSTRAC to Shift Focus to Outcomes Rather Than Compliance

By Thisanka Siripala | 25/06/2025

AUSTRAC will shift its regulatory focus to outcomes and harms, targeting industry sectors where risks are poorly managed, said CEO Brendan Thomas.

Australian Banking Association Gets New CEO After 8 Yrs

By Sanday Chongo Kabange | 25/06/2025

Former Federal Finance Minister Simon Birmingham will become the new CEO of the ABA on 18 August.

AML / KYC

New Academic Programmes Emerge to Address Financial Crime Skills Gap

By Manesh Samtani | 24/06/2025

A ‘generational crisis’ in financial crime has prompted the introduction of new academic programmes that blend theory with real-world investigative skills.

Market Infrastructure

ASIC Targets Pressure Sales Tactics in Financial Advice Industry

By Sanday Chongo Kabange | 24/06/2025

Commissioner Alan Kirkland said ASIC is concerned about high-pressure sales tactics used to lure people into unsuitable investments.

AML / KYC

New Academic Programmes Emerge to Address Financial Crime Skills Gap

By Manesh Samtani | 24/06/2025

A ‘generational crisis’ in financial crime has prompted the introduction of new academic programmes that blend theory with real-world investigative skills.

AML / KYC

Australian Sanctions Office Issues Statement to Clarify its Role

By Thisanka Siripala | 23/06/2025

AUSTRAC’s remit moving forward will include ensuring regulated entities have policies in place to comply with targeted financial sanctions obligations.

Enforcement

ASIC Fines Equity Trustees for Misleading Investment Statements

By Sanday Chongo Kabange | 22/06/2025

ASIC fined Equity Trustees for allegedly making misleading statements about investments made by a green and sustainable bond fund.

Market Infrastructure

APRA Finalises Guidance on Treating Borrowers with Student Debt

By Sanday Chongo Kabange | 20/06/2025

The new reporting standard and regulations offer guidance on how ADIs should treat HELP debt repayments when assessing home loan applications.

Sanctions

New Zealand Expands Sanctions Net to Russia’s ‘Shadow Fleet’

By Editors | 20/06/2025

New Zealand broadens Russia sanctions to target ‘shadow fleet’ along with individuals and entities in North Korea, Iran, and Belarus.