Australia

Enforcement

Australian Court Rejects ASIC's Appeal in ‘Finder Earn’ Crypto Case

By Sanday Chongo Kabange | 25/07/2025

ASIC says the court’s decision highlights challenges in applying Australia’s existing financial services laws to crypto-asset products

Market Infrastructure

UK Proposes to Ban Ransomware Payments by Public Sector Bodies

By Manesh Samtani | 25/07/2025

The proposed ban in the UK comes nearly two months after mandatory reporting of ransomware payments came into effect in Australia.

Enforcement

IFTI Business: The Story Behind PayPal's Epic Enforceable Undertaking

By Nathan Lynch | 25/07/2025

The completion of PayPal’s Enforceable Undertaking with AUSTRAC brings to a close one of the most extraordinary chapters in AML/CTF supervision.

Enforcement

AFCA Sees High Volume of Complaints Continue

By Sanday Chongo Kabange | 25/07/2025

Australia's complaints body is calling for mandatory scam codes and highlights the need for a compensation scheme as complaint volumes remain "unacceptably high".

Enforcement

Australian Police, Banks Issue Joint Warning on Money Mule Accounts

By Manesh Samtani | 25/07/2025

ABA CEO Anna Bligh described the use of mule accounts as a "key tactic in a criminal’s playbook" and effectively a "getaway vehicle" for scammers.

Market Infrastructure

ASIC Proposes Overhaul of Industry Code Guidance

By Sanday Chongo Kabange | 24/07/2025

ASIC has launched a consultation on significant updates to its framework for approving financial and credit sector codes.

Market Infrastructure

APRA Unveils Planned Reforms to Boost Banking Competition

By Sanday Chongo Kabange | 24/07/2025

APRA has announced a new tiered framework and other measures to ease the burden on smaller banks.

Enforcement

ASIC Puts Bank Boards on Notice Over AI Risks and Governance

By Sanday Chongo Kabange | 24/07/2025

ASIC has warned that existing financial services laws apply directly to AI, placing the onus on boards to manage risks of consumer harm.

Securities / Derivatives

ASIC Probes Private Credit Markets as Part of Broader Review

By Manesh Samtani | 23/07/2025

ASIC is increasing surveillance of fund governance and valuations, with a reform roadmap due in Q4.