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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.
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.
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.
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.
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.
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.
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.
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.
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.
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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