Australia

Enforcement

Australian Federal Court Dismisses ASIC Misleading Disclosures Case

By Editors | 07/07/2025

A Federal Court judge has cleared four TerraCom officers of misleading the market, delivering a sharp critique of ASIC's case.

Enforcement

ASIC Bans Former Financial Advisor Over ‘Fees For No Service’

By Sanday Chongo Kabange | 07/07/2025

ASIC has banned former Lighthouse Partners' director Kiriley Roper for 10 years for obtaining client fees despite not providing a service.

AML / KYC

AUSTRAC Announces Closure of Enforceable Undertaking with Perth Mint

By Sanday Chongo Kabange | 04/07/2025

AUSTRAC has closed its enforceable undertaking against Perth Mint but warned of ongoing risks in the bullion sector.

Fintech / Regtech

ASX Taps Fujitsu, TSE to Build New ETF Trading Platform

By Editors | 04/07/2025

ASX is partnering with Fujitsu and the Tokyo Stock Exchange to develop a new ETF trading platform.

AML / KYC

AUSTRAC Orders External Audit of Western Union Over “Core” AML Issues

By Sanday Chongo Kabange | 04/07/2025

AUSTRAC’s concerns are “core anti-money laundering issues” and whether Western Union’s AML/CTF programme is functional.

AML / KYC

ASIC Issues Warning on ‘High-Pressure’ Sales Tactics in Super Sector

By Sanday Chongo Kabange | 03/07/2025

ASIC’s warning comes amid rising cases of retirement savings into “complex and risky schemes”.

Enforcement

Australia: Ex-Wealth Manager Held in Contempt of Court

By Sanday Chongo Kabange | 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

By Sanday Chongo Kabange | 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

By Sanday Chongo Kabange | 03/07/2025

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