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ANZ fined record $240m for misconduct by Asic
ANZ is facing the largest set of penalties ever imposed by the ASIC after the regulator accused the lender of serious misconduct in both...
ASIC unveils milestone report on regulatory reforms
Australia’s corporate regulator, ASIC, has announced a major milestone in its efforts to simplify financial regulation, revealing it has cut more than 9,240 pages...
Finfluencers face global action over illegal promotions
A global coalition of financial regulators, led by the UK's FCA, has taken coordinated action to clamp down on so-called “finfluencers” promoting unauthorised financial...
Majority of fund compliance plans fall short, ASIC investigation finds
The ASIC has raised serious concerns over the compliance standards of REs overseeing managed investment schemes, after a targeted review found major shortcomings in...
ASIC flags climate reporting and asset valuation as FY26 audit priorities
The ASIC has outlined its key focus areas for financial reporting and audit surveillance for the 2025–26 financial year.
The move reinforces ASIC’s ongoing efforts...
ASIC sets new standards for climate reporting in Australia’s corporate sector
The Australian Securities & Investments Commission (ASIC) has officially unveiled its "Regulatory Guide 280 (RG 280)," a comprehensive framework aimed at guiding companies through...
Mastering KYC compliance: Strategies for Australian businesses
In today's digital landscape, the importance of identity verification extends beyond mere procedure; it's a critical safeguard against escalating fraud risks.
ASIC unveils urgent need for better cyber resilience in Australian firms
Australian regulator ASIC has issued a stark warning to organisations to ramp up their cyber security measures.
Mastering transaction reporting: Reducing risks and achieving compliance
Firms facing transaction reporting obligations often find themselves navigating multiple regulatory regimes such as MiFID II, EMIR, Dodd Frank, and ASIC. Despite awareness of their duties, many aren't doing enough to meet the stringent regulatory standards.
From BEAR to FAR: Australia ushers in a new age of...
Legislation concerning the Financial Accountability Regime (FAR) has received the nod of approval from both Houses of the Australian Parliament. This milestone move in 2023 lays the groundwork for a stringent accountability structure, targeting directors and top-tier executives of financial institutions across banking, insurance, and superannuation sectors.
