ASIC

Australian Banks Refund $19 Million to Low-Income Customers
Australian Banks Refund $19 Million to Low-Income Customers
July 15, 2024  |  Bank Regulation

Banks in Australia are issuing $19 million in refunds to low-income customers. The move follows an investigation by the Australian Securities and Investment Commission, which...

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Court Ruling: PayPal Australia Unfair to Small Merchants
Court Ruling: PayPal Australia Unfair to Small Merchants
July 05, 2024  |  Legal

Australia’s federal court has ruled that a term in PayPal’s contract for local small businesses is unfair. The reason, the court ruled Friday (July 5)...

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ASIC: Block Earner Ran Unlicensed Crypto Investments
ASIC: Block Earner Ran Unlicensed Crypto Investments
November 23, 2022  |  Cryptocurrency

The Australian Securities and Investments Commission (ASIC) has sued the FinTech company Block Earner for allegedly offering cryptocurrency investments without a license. “Block Earner offered...

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Bitcoin Daily: Australia Sees Rise In Crypto-Asset Scams; Sweden’s Central Bank Eyes Options For Digital Currencies
Bitcoin Daily: Australia Sees Rise In Crypto-Asset Scams; Sweden’s Central Bank Eyes Options For Digital...
June 24, 2020  |  Bitcoin

The Australian Securities & Investment Commission (ASIC) has reported an increase in the volume of investment scam reports by investors and consumers in Australia amid...

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Aussie Competition, Finance Regs Collab Against Late Payments
Aussie Competition, Finance Regs Collab Against Late Payments
March 04, 2020  |  B2B Payments

Financial and competition regulators in Australia have teamed up to look into the rising use of supplier payday lending schemes used by big companies, according...

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Australian Finance Regs Look To AI For Compliance
Australian Finance Regs Look To AI For Compliance
April 08, 2019  |  Artificial Intelligence

Australian financial regulators are feeling pressure to ensure financial institutions treat customers properly and have turned to artificial intelligence (AI) in an attempt to improve...

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Aussie Banks Too Slow In Breach Notifications: Regs
Aussie Banks Too Slow In Breach Notifications: Regs
September 26, 2018  |  B2B Payments

Australian regulators on Tuesday (Sept. 25) criticized top banks in the country for what authorities called inadequate reporting of breaches of financial law. Reports in...

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Bitcoin Daily: US Reps Want IRS To Update Crypto Tax Guidance; Bitcoin Miners Face DDoS Vulnerability
Bitcoin Daily: US Reps Want IRS To Update Crypto Tax Guidance; Bitcoin Miners Face DDoS...
September 21, 2018  |  Bitcoin

The Australian Securities & Investments Commission (ASIC) is looking to clamp down on “misleading” initial coin offerings (ICOs), Reuters reported. And, while Reuters reported that...

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Aussie Corporates Ill-Prepared For New Accounting Rules
Aussie Corporates Ill-Prepared For New Accounting Rules
July 06, 2018  |  B2B Payments

Australian regulators said they were disappointed in corporates’ lack of preparedness for new accounting rules. Reports in the Australian Financial Review said the Australian Securities...

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