AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Enforcement

ASIC Bans ex-Financial Adviser for 10 Years Over Crypto Scam

By Thisanka Siripala | 13/06/2025

ASIC says Rogan misled clients into investing in a fraudulent cryptocurrency platform while posing as a licensed adviser.

Enforcement

ASIC Sues Australian Unity for Failing to Screen Fund Investors

By Thisanka Siripala | 13/06/2025

ASIC alleges Australian Unity issued fund interests to retail investors without verifying if they were within the product’s defined target market.

Enforcement

ASIC Issues Warning Notices to 18 Social Media Finfluencers

By Thisanka Siripala | 13/06/2025

ASIC said the “fincluencers” are suspected of offering unlicensed financial advice and warned it would “take action to enforce the law” if harm is identified.

Securities / Derivatives

Australia Eyes Data and Transparency Reforms in Private Markets

By Manesh Samtani | 12/06/2025

ASIC symposium highlighted the regulator’s increased focus on private markets, and the balance between access and investor protection.

Enforcement

ASIC Secures Guilty Pleas in Telegram ‘Pump and Dump’ Case

By Sanday Chongo Kabange | 11/06/2025

Four individuals pleaded guilty in a case involving a pump and dump scheme using a public Telegram group.

Fintech / Regtech

New Rules for BNPL Providers Take Effect in Australia

By Manesh Samtani | 10/06/2025

Australia starts enforcing stricter BNPL regulations, requiring providers to conduct credit checks before allowing customers to borrow money.

Market Infrastructure

ASIC Streamlines IPO Process for Faster Listings in Australia

By Sanday Chongo Kabange | 10/06/2025

ASIC has adopted a new approach to cut processing times for prospectus reviews and reduce administrative burdens for IPO hopefuls.

AML / KYC

Star Entertainment Pleads for Leniency in Money Laundering Case

By Manesh Samtani | 10/06/2025

Star Entertainment claims that its financial viability would be at risk if it were fined anything over A$100m, a quarter of what AUSTRAC is seeking.

AML / KYC

Stakes High in AUSTRAC’s A$400m Case Against Star Casino

By Nathan Lynch | 06/06/2025

AUSTRAC’s A$400m Star casino case will test the boundaries of Australia’s AML/CTF regime and potentially reshape the financial crime compliance landscape.