AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

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    Enforcement

    Australian Court Orders Active Super to Pay A$10.5m for Greenwashing

    By Sanday Chongo Kabange | 19/03/2025

    This is ASIC’s third successful greenwashing case, sending a “strong message” to companies that their sustainable investment claims need to reflect their true position.

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    AML / KYC

    ASIC’s Action Against Star Directors Sends Warning Shot Across Bows — And Boards

    By Nathan Lynch | 18/03/2025

    The case against 11 of Star casino’s directors highlights the pressure on boards to understand, mitigate and manage AML/CTF risks, writes Nathan Lynch.

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    Enforcement

    ASIC Takes Action Against 17 SMSF Auditors Over Compliance Breaches

    By Thisanka Siripala | 18/03/2025

    The affected auditors oversaw funds managing more than AUD 1 trillion in assets across 638,000 SMSFs.

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    Enforcement

    ASIC Warns Payday Lenders Over Potential Regulatory Breaches

    By Thisanka Siripala | 14/03/2025

    ASIC found that some payday lenders have structured their business models to avoid consumer protection obligations.

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    Crypto / Digital Assets

    GDF Warns ASIC Against Overregulating Digital Assets

    By Manesh Samtani | 14/03/2025

    ASIC should create a dedicated regulatory framework instead of primarily lifting from existing requirements, GDF says.

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    Enforcement

    ASIC Takes FIIG Securities to Court Over Cybersecurity Failures

    By Thisanka Siripala | 14/03/2025

    ASIC alleges systemic and prolonged cybersecurity failures led to the compromise of personal information of approximately 18,000 clients.

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    Market Infrastructure

    ASIC Commences Work on Regulatory Simplification Reforms

    By Sanday Chongo Kabange | 13/03/2025

    ASIC’s new “Simplification Consultative Group” is developing a discussion paper that will be released around Q3.

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    Enforcement

    ASIC Sues AustralianSuper for Breaching Regulatory Obligations

    By Sanday Chongo Kabange | 12/03/2025

    AustralianSuper allegedly failed to process death benefit claims and pay members’ benefits in a timely manner.

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    AML / KYC

    Australian Scam Losses Fall to A$2bn With Public-Private Partnership

    By Nathan Lynch | 12/03/2025

    Nathan Lynch discusses the NASC’s latest annual report and the insights it offers for bankers and AML/CFT professionals.

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    AML / KYC

    Australia Recorded Further Declines in Scam Losses in 2024

    By Sanday Chongo Kabange | 12/03/2025

    A new ministerial direction will strengthen the pathways for victims to seek compensation for scam losses.

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