Australia

AML / KYC

AUSTRAC Publishes More Guidance Ahead of Major AML Reforms

By Sanday Chongo Kabange | 16/12/2025

AUSTRAC has released a suite of educational materials to help firms prepare for upcoming AML law changes.

AML / KYC

AUSTRAC Revokes Remitter's Registration, Sues Two Others Over AML Reporting

By Sanday Chongo Kabange | 16/12/2025

AUSTRAC has refused to renew the registration of an independent remitter while also launching civil penalty proceedings against two businesses for failing to meet their reporting obligations under the AML/CTF Act.

ESG / Sustainability

Splintering Political Unity Heightens Australia’s Climate Transition Risk

By Blake Evans-Pritchard | 16/12/2025

The Liberal Party’s backslide on net zero commitments risks weakening Australia’s credibility ahead of COP31 in November 2026.

ESG / Sustainability

ASIC Releases First Educational Modules for New Climate Reporting Rules

By Sanday Chongo Kabange | 16/12/2025

The resources aim to help smaller companies and suppliers understand mandatory sustainability disclosure requirements.

Enforcement

Australian Court Penalises Two Firms for Consumer Credit Law Breaches

By Sanday Chongo Kabange | 16/12/2025

A lender and introducer were penalised for engaging in unlicensed credit activity, failing to verify loan purposes, and denying consumers key protections.

Australia Proposes to Enhance Rules for Professional Indemnity Insurance

By Sanday Chongo Kabange | 15/12/2025

The Treasury is consulting on strengthening professional indemnity insurance to reduce reliance on the industry-funded CSLR.

Market Infrastructure

ASIC Mandates Major ASX Overhaul, Imposes Capital Charge

By Sanday Chongo Kabange | 15/12/2025

ASIC imposes A$150m capital charge and forces board reforms after inquiry finds ASX prioritised profits over infrastructure stability.

ESG / Sustainability

Australia Proposes Overhaul of Business Registers, Director ID Rules

By Sanday Chongo Kabange | 15/12/2025

The proposed laws will link director IDs to company records, give ASIC new disqualification powers, and unwind a costly modernisation programme.

AML / KYC

Australia's FAAA Launches Digital ID Tool to Meet AML Rules

By Sanday Chongo Kabange | 12/12/2025

The tool, launched by the Financial Advice Association of Australia, aims to help financial advisers meet 'Safe Harbour' provisions under AML/CTF laws.