AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Fintech / Regtech

Navigating the Regulation of Generative AI in Financial Services

By Mary Leung | 27/03/2025

Mary Leung discusses how AI is being regulated in the financial services industry and the approaches different jurisdictions are pursuing.

Market Infrastructure

Australian Regulators Keep Door Open for Bond, Repo CCP

By Sanday Chongo Kabange | 27/03/2025

The CFR said regulatory intervention is not yet needed but it supports the industry exploring the introduction of central clearing in the Australian bond and repo markets.

Fintech / Regtech

AusPayNet Launches Industry Code for e-Conveyancing Payments

By Sanday Chongo Kabange | 27/03/2025

AusPayNet says the new industry code will enhance security, standardise and provide efficiency to e-conveyancing payments.

ASIC Issues Updated Guidance on Holding Virtual Meetings

By Sanday Chongo Kabange | 27/03/2025

The updated guidance sets out ASIC’s expectations on holding virtual meetings and includes the option to use telephone lines and webcasts.

Enforcement

ASIC Secures Court Victory in Unlawful Fees Case Against Payday Lender

By Thisanka Siripala | 26/03/2025

The court found that Sunshine Loans breached Australia’s credit laws by charging a fee to borrowers who sought to alter their loan repayment terms.

AML / KYC

Gambling Sector Remains in AUSTRAC’s Gunsights, As Court Looms for Star

By Nathan Lynch | 26/03/2025

AUSTRAC will continue to target gambling companies where “the risk has been large and the responsibility has been negligent.”

Crypto / Digital Assets

Australia Outlines Next Steps for Digital Asset Regulation

By Thisanka Siripala | 24/03/2025

A framework for digital asset platforms will be established, covering trading platforms, custody products, some brokerage arrangements, and certain other services.

AML / KYC

Australia’s Tipping-Off Reforms Set to Bolster AML Information Sharing

By Nathan Lynch | 24/03/2025

Australia’s new “tipping off” laws will give banks and other reporting entities far more flexibility in the way they handle sensitive information, writes Nathan Lynch.

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.