Regulatory Updates

We are now over halfway into 2025, and the important mission (should you choose to accept) continues to linger: how …

CP 384 Employee redundancy funds. ASIC is seeking feedback on the requirements that should apply to employee redundancy funds …

ASIC provides regulatory relief for tokenised asset settlement research project

Project Acacia is a joint research project between RBA and …

AUSTRAC has cancelled the EU entered into with PayPal Australia after the company completed a two-year plan to improve its …

Some time ago, Gold Corporation (trading as Perth Mint) entered into under an Enforceable Undertaking from AUSTRAC due to serious …

AUSTRAC is introducing new conditions for cryptocurrency ATM providers to reduce the risk of money laundering, scams, and other financial …

AUSTRAC is expanding the Fintel Alliance to strengthen its fight against financial crime. This world-leading partnership brings together government, law …

AUSTRAC is rolling out a more secure and user-friendly online experience, following a successful pilot of new security features. Between …

AUSTRAC has released updated guidance to help businesses support customers who may not be able to provide standard identification documents. …

AUSTRAC has published its regulatory expectations for new and existing reporting entities ahead of the reforms to the Anti-Money Laundering …

AUSTRAC has released its regulatory priorities for 2025-2026, outlining its plan to combat money laundering, terrorism financing and other serious …

ASIC Chair Joe Longo has delivered a keynote address at the ABA Banking Conference on Artificial Intelligence, focusing on the …

ASIC has commenced proceedings in the NSW Supreme Court against financial advice business Fortnum Private Wealth Limited alleging it failed …

Former Executive Chairman of BBY Limited, Glenn Alexander Rosewall, has been charged in the Downing Centre Local Court with aiding, …

The Federal Court has sentenced Daniel Kirby, previous director of collapsed retail over-the-counter derivatives provider, Berndale Capital Securities Pty Ltd, …

The Federal Court’s determination against the Mayfair 101 Group companies has lessons for both AFS and credit licensees on …

The Federal Court has ordered a $3.5 million penalty against ACBF Funeral Plans Pty Ltd (in liquidation) for misrepresenting that …

ASIC has appealed the Federal Court’s decision dismissing part of ASIC’s proceedings against HCF Life Insurance Company Pty Ltd in …

AFCA received 100,745 complaints in the financial year ending 30 June 2025, a 4 per cent decline in complaints compared …

In a matter which holds lessons for both AFS and credit licensees, ASIC has banned former financial adviser and director …

ASIC has announced a review into the debt management and credit repair sector as part of its continued focus on …

ASIC has cancelled eight Australian credit licences and suspended one.

The cancelled or suspended credit licences include:

• Capital House Pty …

ASIC has commenced legal proceedings in the Federal Court against Venture 5 Group Pty Ltd, trading as CashnGo Australia, alleging …

ASIC has successfully defended its fight against Cigno Australia Pty Ltd and BSF Solutions Pty Ltd after winning an appeal …

ASIC has updated Information Sheet 225 Crypto-assets. However, the updates appear only to be to formatting and do not …

The Full Federal Court has dismissed ASIC’s appeal in the Finder Wallet case, upholding a defining ruling that the Finder …

ASIC Commissioner Alan Kirkland has delivered a keynote address at the Professional Planner Licensee Summit on financial advice, focusing on …

ASIC has issued infringement notices to two AFS licensees whose financial advisers provided personal advice to retail clients while unregistered. …

ASIC’s recent actions against four financial advisers serve as a reminder that it remains vigilant for providers of inappropriate superannuation …

ASIC has commenced civil penalty proceedings in the Federal Court against Delta Power & Energy (Vales Point) Pty Ltd for …

AUSTRAC has ordered the appointment of an external auditor to Western Union Financial Services Australia after raising concerns about the …

Under the financial services laws, a person that carries on a financial services business must hold an AFSL covering the …

CS 18 Proposed remake of financial-advice related legislative instruments. ASIC is inviting feedback on its proposal to remake for a …

ASIC moves to appoint receivers to Australian Fiduciaries amidst investigation

ASIC has applied to the Federal Court to appoint receivers …

AUSTRAC has released speaking notes from AUSTRAC CEO Brendan Thomas’ recent speeches at the Integrity Insight Financial Crime Summit and …

FATF has published two recent updates relating to international ML/TF risk. The updates relate to jurisdictions which may pose a …

AUSTRAC has refused to renew the registration of crypto ATM operator Harro’s Empires and has imposed new operating conditions on …

AUSTRAC has instructed The Ville Resort-Casino in Townsville and Mindil Beach Casino Resort in Darwin to appoint external auditors to …

AFCA has published updated guidance in relation to how it will assess complaints lodged after 1 July 2025 about add-on …

ASIC has granted AFS licensees and credit licensees further relief under the breach reporting (reportable situations) regime.

The relief was …

ASIC has commenced civil penalty proceedings in the Federal Court against RAMS Financial Group for systemic misconduct in arranging home …

ASIC’s latest home insurance claims review has found that while insurers have implemented programs to improve claims handling functions, there …

ASIC has released more than 50 public submissions received in response to its discussion paper on the evolving dynamics between …

ASIC has released its review findings into the compliance plans used by Responsible Entities of registered managed investment schemes. The …

ASIC has commenced civil penalty proceedings against Choosi Pty Ltd, alleging it made false or misleading representations to customers by …

The Full Federal Court has dismissed ASIC’s appeal against the Federal Court’s decision on 22 March 2024, finding that a …

Australian Retirement Trust Pty Ltd has paid $18,780 to comply with an infringement notice issued by ASIC over allegedly misleading …

The Full Federal Court has found that BPS Financial Pty Ltd could not rely on the “authorised representative” exemption in …

ASIC has cancelled the AFS licence of Financial Services Group Australia Pty Ltd and permanently banned its Responsible Manager, Graham …

ASIC has commenced action against Australian Unity Funds Management Limited, alleging it acted unlawfully by failing to take reasonable steps …