Australia

Enforcement

ASIC Sues Wiluna Mining Over 2022 Disclosure Breaches

By Sanday Chongo Kabange | 15/04/2025

Wiluna Mining announced in June 2022 that it had raised A$57.3mn when only A$50.3mn of funds were actually received.

AML / KYC

Australia Tackles Illicit Funds in A$11 Trillion Real Estate Market

By Nathan Lynch | 15/04/2025

AUSTRAC is preparing to use its new enforcement powers to combat illicit funds flowing through the booming real estate market, writes Nathan Lynch.

Uncategorised

Additional Victims Identified in Super Fund Cyber Attack

By Editors | 15/04/2025

An additional six AustralianSuper accounts were found to have lost a combined AUD 250,000, bringing the total losses to AUD 750,000.

ASIC Consults on Plan to Publish Breach and Complaints Data

By Sanday Chongo Kabange | 11/04/2025

ASIC proposes to publish regulated firms’ breach and complaints data in H2 this year to enhance transparency and accountability.co

AML / KYC

ASIC Registry Upgrade Project to Include “Director ID Linking”

By Thisanka Siripala | 10/04/2025

As part of its RegistryConnect programme, ASIC is working on linking the director ID register with the Companies Register.

Enforcement

RBA “Lost Confidence” in ASX Months Before December Outage – Report

By Sanday Chongo Kabange | 10/04/2025

The RBA had warned ASX in a September 2024 confidential that it had lost confidence in the exchange’s ability to manage its operations and risks.

AML / KYC

Australian Sanctions Office Unveils New Approach to Oversight

By Nathan Lynch | 10/04/2025

The ASO’s new policy paper provides valuable guidance for firms navigating the complex international sanctions landscape, writes Nathan Lynch.

New Zealand’s CoFI Implementation Starts Well, Says FMA

By Thisanka Siripala | 08/04/2025

The FMA issued a report presenting findings from a review of 38 fair conduct programmes from FIs operating in New Zealand.

Market Infrastructure

ASX Faces Renewed Resistance on Dual-Class Shares Proposal

By Thisanka Siripala | 08/04/2025

ASX is seeking to introduce dual-class shares to attract more listing candidates but there are concerns that some shareholders would be given too much power.