Australia

Anti-Money Laundering

Crypto ATMs in the Crosshairs, as Australia Targets Laundering, Scams and Terrorism

By Nathan Lynch | 04/06/2025

Nathan Lynch explores how Australian authorities are responding to the criminal threats associated with crypto ATMs, which proliferated during the pandemic.

Structural Regulation

ASIC Charts Course for Enhancing Australia’s Capital Markets

By Thisanka Siripala | 04/06/2025

ASIC outlines plans to reform public and private capital markets, seeking to address concerns around retail investor access and the cost of listing.

Structural Regulation

ASIC Prepares Capital Market Reform Roadmap

By Thisanka Siripala | 04/06/2025

The regulator distilled six capital market themes to guide its next steps, including streamlining IPO processes and the role of pension funds in shaping capital flows.

Fraud, Scams & Cybercrime

AUSTRAC Cracks Down on Crypto ATM Operators

By Thisanka Siripala | 04/06/2025

AUSTRAC has imposed an A$5,000 transaction limit on cash deposits and withdrawals and other measures.

Conduct, Culture & Accountability

ASIC Sues Westpac Unit for Systemic Misconduct 

By Sanday Chongo Kabange | 04/06/2025

ASIC commenced civil penalty proceedings against a subsidiary of Westpac for “systemic” misconduct in arranging home loans.

Conduct, Culture & Accountability

ASIC Fines Australian Retirement Trust for Misleading Performance Data

By Sanday Chongo Kabange | 03/06/2025

Australian Retirement Trust was issued an infringement notice because it published “out-of-date” performance data on its website.

KYC & CDD

ACMA Fines Telco for Breaching ID Verification Rules

By Sanday Chongo Kabange | 03/06/2025

Mobile numbers were inadvertently transferred to scammers, resulting in losses from consumers’ bank accounts.

Anti-Money Laundering

New Zealand DIA Warns Money Remitter for AML Noncompliance

By Sanday Chongo Kabange | 03/06/2025

The DIA said further action may be taken if noncompliance with New Zealand’s AML/CFT laws continues.

Conduct, Culture & Accountability

NZ FMA Calls on KiwiSaver Providers to Prioritise Member Outcomes

By Editors | 03/06/2025

FMA chief Samantha Barrass urged KiwiSaver providers to innovate new ways to engage with members and help members make informed decisions.