Financial Services, Funds and Superannuation legal update - October 2025

We would like to acknowledge the contribution of Robert Fraser, Associate.

Welcome to this month’s Financial Services legal update, your guide to the latest regulatory developments, enforcement actions and trends shaping Australia’s financial sector.

This edition highlights regulators' increasing vigilance in areas such as member outcomes in superannuation, the compilation of a number of legislative instruments, the passage of the reforms for payment service providers and the release of the discussion paper on digital asset platforms. These reforms have been discussed for some years and collectively, together with the new definition of virtual assets in the new AML laws, represent different parts of the jigsaw which will provide a basis for a more tech savvy approach to the emerging financial products and services.  

Enforcement activity remains elevated, with continued court actions and the very first disqualification under the Financial Accountability Regime.

General Regulatory

Treasury releases exposure draft legislation for digital asset platforms

Treasury has released an exposure draft of the Treasury Laws Amendment (Digital asset, and tokenised custody, platforms) Bill 2025. Three new definitions crucial for the operation of amendments are proposed:

Digital Token

A digital token will be defined as a digital object which one or more persons are capable of controlling. There is no definition of ‘object’ so it appears the common law will apply. Tokens can be any form of digital asset ranging from bitcoin, gold token backed crypto, images and even .art

A person will be  considered to have control if they can:

exclude others from controlling the digital object

use, transfer or dispose of the digital object

identify themselves as the person capable of performing either of those actions, or

possession can be an aspect of control.

 

Digital Asset Platform (DAP)

Is a non-transferable facility where the operator holds one or more digital tokens in trust or on behalf of a client or person nominated by the client.

A person will become a customer when they accept the terms and conditions of the facility to open an account. A very broad definition is proposed so that many different types of platforms are anticipated including using or holding custody of the digital asset.

Managed Investment Schemes (MIS) are carved out in specific situations where clients have the right to redeems and the platform operator can only acquire or dispose on the instructions of lawful owner of the asset.

Tokenised Custody Platform: (TCP)

Is a non-transferable facility where the operator holds on trust or on behalf of token holders an underlying asset and for each underlying asset creates a single digital token where possessing the digital token confers a right to redeem, or direct the delivery of, the underlying asset. An underlying asset can include a digital token.

The proposed definition can include platforms to provide simple custody and tokenisation but also extend to  platforms enabling  operators or third parties to act on behalf of client (buying, selling, transferring, staking with the underlying assets).

Accordingly, providing a financial service in relation to these financial products is a financial service (with some exceptions). The draft legislation also includes new disclosure requirements for these products and removes references to non-cash payment facilities.  The draft is open for consultation until 25 October 2025.

Regulating digital asset platforms – exposure draft legislation - Consult hub  

Reforms to modernise Payments Systems passes Parliament

On 4th September 2025 the Treasury Laws Amendment (Payments System Modernisation) Act 2025 passed both houses of parliament.  The Act updates the Payment Systems (Regulation) Act 1998  to extend to things like digital wallets, stablecoins, crypto payment providers, and similar services under more consistent oversight. The Bill commences three months after Royal Assent.

The definition of ‘payment system’ has been extended to a broader set of arrangements, including the transmission or receipt of messages that effect, enable, facilitate or sequence the making of payments or the transfer of funds. This  includes payment systems that use non-monetary digital assets for payments or provide services that facilitate a payment being made, and ‘three party’ or ‘closed loop’ systems. This means that for the first time American Express and Diners will be expressly regulated rather than the Reserve Bank having to rely on voluntary undertakings.

The definition of  a ‘participant’ has been extended to now include all entities involved in the payments value chain, including entities with or without a direct relationship to a payment system

The Bill also introduces a definition for the term ‘funds’ as an umbrella term that includes but is not limited to money and digital units of value (or unit of value) including digital currency (within the meaning of the A New Tax System (Goods and Services) Tax Act 1999). Digital currency is not the only digital unit of value captured by the new funds definition. A digital unit of value is a broader concept than just digital currency and is intended to include stablecoins.

Treasury Laws Amendment (Payments System Modernisation) Bill 2025 – Parliament of Australia

Treasury releases tranche 1a of exposure draft legislation relating to the regulation of payment service providers

Treasury has released an exposure draft of the Treasury Laws (Payments System Modernisation amendment of the Corporations Act 2001) Amendment Bill 2025,  which will seeks to better regulate payment service providers (PSPs).

The proposed legislation introduces two new financial products being a stored value facility and a payment instrument. A stored value facility includes things such as prepaid cards or digital wallets that store value. Payment instruments on the other hand means debit and credit cards. In addition to these new financial products the proposed legislation would introduce a new financial service being a  “payment service” including a payment initiation service, a payment facilitation service, and a payment technology and enablement service. The other broad changes include:

requiring PSPs that perform a payments service to obtain an AFS licence,

APRA powers for major stored value facility providers and designated PSPs, and

a rule-making power to enable introduction of a mandatory, revised ePayments code.

Consultation on the exposure draft closes on 6 November 2025.

Regulation of Payment Service Providers – Tranche 1a draft legislation - Consult hub

AFSL exemption for Australian stablecoin distributors

ASIC has published ASIC Corporations (Stablecoin Distribution Exemption) Instrument 2025/631, which has granted class relief for intermediaries engaging in the secondary distribution of a stablecoin issued by Catena Digital Pty Ltd being the AUDM. Intermediaries will not require a markets licence, CS facility licence or AFS licence for providing general advice, dealing, making a market or providing custodial or depository services in relation to the named stablecoin.  There are also proposals to extend the relief to Forte Securities Australia’s stable coin AUDF.

ASIC supports innovation through exemptions for distributors of Australian stablecoin | ASIC

ASIC proposes extending stablecoin distribution exemption | ASIC

Regulatory guide reissued on auditor reporting obligations to ASIC

A reissued Regulatory Guide 34 Auditor obligations: Reporting to ASIC which clarifies when and how auditors must report suspected contraventions to ASIC. The update introduces additional guidance in relation to suspected contraventions in connection with sustainability reporting and collective investment vehicles, conflicts of interest,  attempts to unduly influence, interfere and mislead the auditor, and an auditors own suspected contraventions.

Regulatory guide reissued on auditor reporting obligations to ASIC | ASIC

ASIC releases report into private credit in Australia

ASIC has released Report 814 Private Credit in which the authors highlighted risks in the rapidly expanding private credit market, including disclosure quality, governance, and valuation practices. Key topics covered by the report include:

conflicts of interest related to fee incentives, net interest margin capture, related party transactions and loan structures,

disclosure gaps in fees including manager remuneration and borrower paid fees excluded from fee disclosure documents,

inconsistent valuation practices and portfolio disclosures, and

failures to define key terminology such as investment grade, security, LVR and senior debt.

ASIC has called for consistent adoption of good practices to promote investor confidence and integrity.

Advancing Australia’s public and private markets: progress update | ASIC

Hardship support — ASIC releases updated report on hardship

ASIC released Report 815 Hardship, not so hard to get help, which indicated some improvements in the hardship practices of lenders including:  a 58% increase in the number of hardship notices indicating consumer awareness of hardship assistance, a decrease in dropout rates of more than 40% for some lenders, lenders approval timeframes being reduced, and the proportion of customers whose payments had either been reduced or deferred and who immediately fell into arrears after their hardship assistance period ended decreased by more than 28% since the last report in 2023.

 25-216MR ASIC urges ongoing customer focus following welcome improvements in hardship support | ASIC

Approach to breach and complaints data publications outlined

ASIC released  summary feedback from Consultation Paper 383 Reportable situations and internal dispute resolution data publication. Following substantial feedback ASIC has decided it will not publish firm level reportable situations data but will publish firm level IDR data.

ASIC outlines approach to breach and complaints data publications | ASIC

ASIC release report into regulatory simplification

ASIC has released Report 813 Regulatory Simplification stating that it has removed 9,000 pages of content simplify 23 legislative instruments transitioning more ‘paper-only’ documents to email lodgement and enabling electronic signatures on all forms by 1 October 2025.

25-190MR ASIC slashes red tape and calls for further regulatory simplification proposals | ASIC

FAQs on auditing and assurance for sustainability reports

ASIC published FAQs clarifying auditor and assurance expectations for sustainability reporting. Guidance covers a high-level summary of obligation in relation to review and audit, what standards apply, who can conduct an audit of a sustainability report, what opinions must be reported and auditor report content requirements.

ASIC publishes FAQs about auditing and assurance requirements for sustainability reports | ASIC

Markets Disciplinary Panel — new chairs and members appointed

ASIC refreshed the composition of the Markets Disciplinary Panel and appointed Annette Spencer (General Counsel at Barrenjoey Capital Partners), Sebastien Bonvalet-Nicolle (former Head of Listed Derivatives and Clearing for Asia Pacific at Deutsche Bank), and Andrew Couper (Head of Markets Compliance at Regal Partners and former Head of Compliance at Credit Suisse).

25-203MR ASIC appoints new Chairs and members to the Markets Disciplinary Panel | ASIC

New or remade legislative instruments

ASIC has issued and remade a number of legislative instruments including the following:

ASIC issued a consolidated instrument ASIC Corporations (Electronic Disclosure) Instrument 2025/447. The instrument consolidates ASIC Corporations (Facilitating Electronic Delivery of Financial Services Disclosure) Instrument 2015/647 and ASIC Corporations (Removing Barriers to Electronic Disclosure) Instrument 2015/649 and extends relief relating electronic disclosure to Cash Settlement Fact Sheets. 

ASIC remade ASIC Corporations (Basic Deposit and General Insurance Product Distribution) Instrument 2025/520, extending relief to exempt AFS licensees from needing to appoint a basic deposit or general insurance product distributor as their authorised representative.

ASIC has proposed extending longstanding relief under ASIC Corporations (Non-cash Payment Facilities) Instrument 2016/211, which provides exemptions for certain low-risk non-cash payment facilities such as loyalty schemes, road toll facilities, low value non-cash payment facilities, gift facilities and prepaid mobile facilities.

ASIC has remade ASIC Corporations (Deposit Product Disclosure) Instrument 2025/509, which exempts ADIs from having to include interest rates in Product Disclosure Statements and termination values in periodic statements for deposit products.

ASIC issues new legislative instrument to facilitate digital disclosures | ASIC

ASIC remakes basic deposit and general insurance product distribution legislative instrument | ASIC

ASIC proposes to remake relief instrument for non-cash payment facility exemptions | ASIC

ASIC remakes relief instrument for deposit product disclosure | ASIC

Superannuation

APRA disqualifies two directors of Xinja Bank under the Financial Accountability Regime

APRA has permanently disqualified two former directors of Xinja Bank Limited under the Financial Accountability Regime (FAR), marking the first use of its FAR enforcement powers. Former CEO Eric Wilson has been disqualified for a period of eight years, while non-executive director Craig Swanger has been disqualified for 10 years.

The disqualifications followed APRA’s investigation into “side agreements” with investors that affects Xinja’s capital position resulting in it returning its ADI licence in 2021.  APRA determined that both directors failed to meet their accountability obligations, including not acting with honesty and integrity when dealing with APRA and when entering into side agreements, not acting with due skill, care and diligence in raising capital, and not taking reasonable steps to prevent matters arising that would adversely affect the prudential standing of Xinja.

APRA disqualifies two directors of Xinja Bank under Financial Accountability Regime | APRA SH has issued a Discussion Paper on this which can be accessed upon request.

 

ASIC and APRA superannuation CEOs roundtable
On 27 August 2025, ASIC and APRA met with 10 Superannuation CEOs addressing a number of topics including concerns regarding the Shield Master Fund and First Guardian Master Fund matters undermining confidence in the superannuation system. Some CEOs discussed introducing due diligence processes for reviewing managed investment scheme boards and performance history. Other participants discussed the use of dashboards to identify referral patterns, account openings, and unusual behaviours relating to flows at the investment option level. Participants discussed means for appropriately sharing information about perceived high-risk structures on platforms.

ASIC and APRA host superannuation CEOs to discuss high-risk superannuation switching | ASIC

Macquarie admits contraventions in Shield platform
Macquarie Investment Management has made admissions that it did not act efficiently, honestly and fairly by failing to place the Shield Master Fund on a watch list for heightened monitoring.  ASIC has accepted a court-enforceable undertaking from Macquarie to pay members 100% of the amounts they invested in the Shield Master Funds less any amounts withdrawn.

25-215MR Macquarie admits to Shield contraventions and commits to pay affected members | ASIC

ASIC releases report into superannuation financial reporting and audit
ASIC has released Report 816 Accounting for your super: ASIC's review into the financial reporting and audit of super funds. ASIC reviewed 60 financial reports for the year ended 30 June 2024 and five audit files. ASIC recommended that funds should be doing more to ensure valuations of assets in financial reports are reliable and that trustees should ensure their fair value disclosures are sufficient to enable members to understand the nature of the investments and assess the reliability of valuations. ASIC also observed that trustees should consider disclosing more information about expenses in financial reports.

25-220MR Review finds greater uplift needed in quality of super fund financial reports and audits | ASIC

APRA revokes SRS 331.0 Services determination
APRA has revoked SRS 331.0 which required RSE Licensees to provide information to APRA relating to the services provided to a superannuation fund. The revocation was a necessary change as a result of the revocation of Prudential Standard SPS 231 Outsourcing.

APRA releases letter on the revocation of SRS 331.0 Services | APRA

APRA outlines strategic challenges in member outcomes
APRA’s published an insights paper regarding challenges for the superannuation industry in delivering member outcomes. The paper  examined operational efficiency in light of the complex operating environment of trustees with focus on cybersecurity challenges, the increasingly competitive environment resulting in difficulty in half the industry experiencing difficulty in attracting new members, and the growing market share of the 15 largest funds.

Delivering member outcomes into the future | APRA

APRA releases letters to Treasurer & Finance Minister

APRA has published two letters sent to Treasurer Dr Jim Chalmers and Minister for Finance Senator Katy Gallagher (dated 31 July 2025 and 12 August 2025), which collectively set out priority actions the regulator will take to promote productivity, including:

simplifying the bank licensing regime,

introducing further proportionality in the banking framework (including consultation on a third tier for smaller banks),

promoting access to cost-effective reinsurance,

changing to the way APRA communicates with banks regarding adjustments to minimum capital requirements,

consulting on changes that aim to simplify and clarify APRA’s accreditation process for banks to use internal modelling for regulatory capital purposes,

reducing unnecessary duplication in prudential standards,

moving to a more efficient data reporting platform, and

advancing payments coordination regarding the proposed regulation of Stored Value Facilities.  

APRA releases letters sent to Treasurer Jim Chalmers and Finance Minister Katy Gallagher | APRA

APRA publishes June 2025 Quarterly Superannuation Industry Data

APRA has released its June 2025 edition of the Quarterly Superannuation Industry Publication along with Product Statistics and Fund-Level Statistics. As at 30 June 2025, total member assets of the Superannuation Industry were $2.68 trillion, spread across 895 superannuation products and 23.3 million member accounts.

APRA publishes June 2025 edition of Quarterly Superannuation Industry Publication, Fund-level and Product Statistics | APRA

ASIC enforcement outcomes

ANZ admits misconduct and agrees to pay $240 million in penalties

ANZ has admitted to misconduct in relation to the following four matters:

acting unconscionably in its dealings with the Australian Government whilst managing a $14 billion bond deal and incorrectly reported its bond trading data to the Australian Government by overstating the volumes of 10-year Australian bond futures,

failing to respond to customer hardship notices within required timeframes and failing to have proper hardship processes in place,

making false and misleading statements about its savings interest rates and failing to pay the promised interest rate to customers, and

failing to refund fees charged to deceased customers and not responding to within the required timeframe.

ASIC and ANZ will ask the Federal Court to impose penalties totalling $240 million.

25-201MR ANZ admits widespread misconduct and agrees to pay $240 million in penalties | ASIC

Open4Sale directors fined $2.8 million for fundraising breaches

Two directors of Open4Sale Global Ltd have been penalised a combined $2.8 million by the Federal Court for breaching disclosure requirements when raising capital from retail investors. The breach involved offers made without providing the required disclosure documents, despite raising over $1.3 million from 83 investors.

25-186MR Open4Sale Global directors fined $2.8 million for fundraising breaches | ASIC

Full Federal Court dismisses Latitude / Harvey Norman appeals

The Full Federal Court has rejected appeals by Latitude Finance Australia and Harvey Norman Holdings in relation to a prior ruling that their national advertising campaign was misleading. The campaign had promoted 60‑month interest‑free and no‑deposit offers without adequately disclosing that consumers had to take out a credit card and incur additional fees.
25-193MR Full Federal Court dismisses Latitude and Harvey Norman’s appeals | ASIC

Sydney gym director convicted for false statements

A director of a Sydney-based gym has been convicted of making false statements to ASIC. Mr Menzies-Clifton gave misleading information regarding outstanding liabilities when deregistering Strong and Co Australia Pty Ltd, breaching section 1308 of the Corporations Act. The conviction underscores ASIC’s willingness to pursue individual accountability beyond corporate entities, especially where misleading statements are used to misdirect regulators.

25-188MR Sydney gym director convicted of making false statement to ASIC | ASIC

Societe Generale fined for market gatekeeper failures

Societe Generale Securities Australia has been fined $3.88 million by the Market Disciplinary Panel for failing in its gatekeeper obligations in relation to the electricity and wheat futures market. ASIC found Societe Generale should have suspected that 33 orders placed during a time of market volatility caused by the Russia-Ukraine conflict were submitted with the intention of creating a false or misleading appearance in the market.

25-189MR Societe Generale Securities Australia fined $3.88 million for market gatekeeper failures | ASIC

High Court grants ASIC special leave to appeal Block Earner decision

The High Court has granted ASIC special leave to appeal against the Block Earner decision. ASIC is appealing the decision of the Full Federal Court which found that the fixed-yield digital asset-related Earner product was not a financial product and therefore, Block Earner was not engaging in unlicensed financial services by issuing the product.

25-194MR High Court grants ASIC special leave to appeal Block Earner decision | ASIC

James Mawhinney handed 15‑year injunctions in ASIC proceedings

James Mawhinney, the director of Mayfair 101 Group, has received a court ordered 15-year injunction from receiving or soliciting funds in connection with any financial product and advertising, promoting or marketing any financial product.

25-197MR James Mawhinney handed 15-year injunctions in ASIC proceedings | ASIC

Court rejects ASIC’s  responsible lending case against Money3

The Federal Court delivered judgment in the Money3 responsible lending case, where it concluded that in limited respects, Money3 contravened the responsible lending provisions of the National Consumer Credit Protection Act 2009 (Cth). The Court found that Money3 failed to make reasonable inquiries about or verify each borrower’s living expenses based on bank statement transaction data. However, the Court rejected ASIC’s position that car finance provider failed to assess whether the loan contracts were unsuitable for borrowers and entered them into unsuitable loans.

25-198MR Court delivers ruling in Money3 responsible lending case | ASIC

Freezing orders and receiverships against Australian Fiduciaries

The Federal Court ordered freezing of assets and appointment of receivers over entities associated with Australian Fiduciaries Limited. ASIC initiated freezing order proceeding  in an attempt to preserve the recoverability of funds that had been invested into Australian Fiduciaries Limited. ASIC alleges that 600 Australian retail investors have invested approximately $160 million into managed investment schemes offered by Australian Fiduciaries, which have ceased offering units in the scheme.

25-199MR Federal Court freezes assets and appoints receivers to related entities of Australian Fiduciaries Limited | ASIC

ASIC sues RACQ over misleading insurance renewal comparisons

ASIC has commenced court proceedings against RACQ for allegedly sending misleading insurance renewal comparisons to customers. ASIC alleges that RACQ’s communications misrepresented how much premiums were paid by policy holders.

25-211MR ASIC takes court action alleging RACQ sent half a million misleading insurance renewal comparisons | ASIC

Duncan Stewart sentenced in Kidman Resources insider trading case

Duncan Stewart was sentenced to 18 months imprisonment for insider trading in relation to a takeover of mining company, Kidman Resources Limited. Mr Stewart had previously pled guilty to purchasing $130,635.87 worth of Kidman shares on 3 and 10 April 2019 while in possession of inside information.

25-202MR Melbourne man sentenced in Kidman Resources insider trading case | ASIC

Stop Orders

ASIC has made the following stop orders:

RELI Capital Mortgage Fund: ASIC made an interim stop order on the grounds that target market potentially included investors who intended to hold the Fund as a ‘Core Component’ (25-75%) of their portfolio, the risk level was an incomplete measure of the actual risk, and the TMD stated that no distribution conditions were necessary for the Fund.

La Trobe Australian Credit Fund: ASIC made an interim stop order against the 12 Month Term Account and 2 Year Account products offered under the La Trobe Australian Credit Fund on the grounds that the portfolio allocations were inappropriate and did not include distribution conditions.

La Trobe US Private Credit Fund: ASIC made an interim stop order against the La Trobe US Private Credit Fund on the grounds that the portfolio allocations were inappropriate and the TMD not adequately specify an investment timeframe.

25-208MR ASIC issues DDO stop order against RELI Capital Mortgage | ASIC

25-206MR ASIC issues DDO stop orders against La Trobe Australian Credit Fund | ASIC

Banning, disqualifications and licence cancellations

ASIC has made the following banning orders and licence cancellations:

4 AFS licensees have had their licence cancelled for failing to hold an AFCA membership.

Brett Trevillian: permanently banned from providing financial services and engaging in credit activities for creating and distributing forged performance verification reports resulting in a conviction for serious fraud.

Christopher Malcolm Edwards: banned from providing financial services for 10 years for carrying on a financial services business without an AFS licence. Mr Edwards, a solicitor, advised clients to rollover into a Self-Managed Superannuation Fund and invest in companies owned by Mr Edwards.

Auric International Markets Pty Ltd: had their AFS licence cancelled for failing to lodge financial reports and failing to pay industry funding levies.

David Paul Hodgson: disqualified from managing corporations for five years and permanently restrained him from engaging in financial services for running an unlicensed financial services business .  

Simone Hildebrand: permanently banned from engaging in any credit activities or controlling an entity engaged in credit activities for allegedly misusing  $1.2m held on trust.

Anthony Joseph Del Vecchio: permanently banned from providing financial services following convictions related to  financial deception and misappropriation of client funds.

25-192MR ASIC cancels three Australian credit licences and suspends one Australian credit licence for failing to hold AFCA membership | ASIC

25-187MR ASIC permanently bans Brett Trevillian from providing financial services | ASIC

ASIC cancels AFS licence of international brokerage firm Auric International Markets | ASIC

25-204MR ASIC bans NSW solicitor and accountant Christopher Malcolm Edwards from providing financial services for 10 years | ASIC

25-212MR David Paul Hodgson disqualified for unlicensed financial services and misleading statements | ASIC

25-214MR Simone Hildebrand disqualified from managing corporations and permanently banned from credit activities | ASIC

25-217MR ASIC permanently bans former financial adviser Anthony Joseph Del Vecchio | ASIC

Financial advice

ASIC issues financial advice-related legislative instrument

ASIC has released ASIC Corporations (Financial Services Guide, General Advice Warning and Advertising Related Relief) Instrument 2025/234 which continues longstanding regulatory relief for financial advice providers in relation FSGs, general advice warnings and advertising.

ASIC issues new financial advice-related legislative instrument | ASIC

ASIC urges immediate action from financial advisers as 1 January 2026 deadline approaches

ASIC has called on all financial advisers to review their registration details on the Financial Advice Register before 1 January 2026. ASIC warned that 3,459 advisers currently risk being ineligible to provide personal advice to retail clients due to incomplete or outdated data on the Financial Advisers Register. Under transitional arrangements relevant providers who are also existing providers generally have until 1 January 2026 to meet the qualifications standards.

ASIC urges immediate action from financial advisers as deadline approaches | ASIC

Banking and Authorised Deposit Taking Institutions (ADIs)

ASIC reduces complaints reporting frequency for small banks

ASIC has granted no‑action position to reduce the frequency with which small banks must report internal dispute resolution (IDR) data, moving from biannual to annual submissions. While formal changes to ASIC’s reporting systems are not expected until 2027, the no-action position takes effect immediately.

ASIC reduces complaints reporting frequency for small banks | ASIC

APRA responds to consultation on minor proposals for instruments relating to section 66 of the Banking Act

APRA has released a response to the consultation on a set of minor proposals for instruments relating to section 66 of the Banking Act 1959. The consultation confirmed that respondents agreed in continuing the prohibition on the use of certain restricted words such as  ‘credit co-operative’, and continuing the exemption for foreign banks issuing wholesale securities.

APRA responds to consultation on minor proposals for instruments relating to section 66 of the Banking Act | APRA

Anti-Money Laundering/Counter Terrorism Finance (AML/CTF)

AUSTRAC Enforcement and Intelligence Outcomes

AUSTRAC enforcement outcomes include:

Revolut Payments Australia Pty Ltd was fined $187,800 for self-disclosed failures to submit international funds transfer instructions within the timeframe required by the AML/CTF Act.

AUSTRAC's data analytics and intelligence supported an investigation by the Law Enforcement Conduct Commission (LECC) to uncover a NSW police officer who sold more than $1.3 million in stolen family gold bars to fund the officers gambling addiction.

AUSTRAC issues $187,800 infringement notice for late reporting | AUSTRAC

AUSTRAC intelligence helps crack gold laundering case linked to gambling | AUSTRAC

Sparke Helmore has issued Fact Sheet Guide on AML Tranche 2 reforms for gambling and hospitality industry . See link here Why is 31 March 2026 an important date for gambling and hospitality venues? :: Sparke Helmore