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Australia
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
AppLayer Unveils Fastest EVM Network and $1.5M Network Incentive
Thought Leadership
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
AppLayer Unveils Fastest EVM Network and $1.5M Network Incentive
Thought Leadership
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Australia
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Payments
Afterpay's New Policy: A Step Towards Financial Empowerment, or a Recipe for Overspending?
Instant gratification, delayed consequences and the psychology behind BNPL services.
Friday, 03/05/2024 | 16:00 GMT
by
Pedro Ferreira
Retail FX
Webull Launches '24-Hour Trading' in Australia
Initially, the services will be available for 60 popular US stocks and ETFs.
Its 24-hour trading will be available from 10:00 to 17:58 AEST, Monday to Friday.
Friday, 03/05/2024 | 05:19 GMT
by
Arnab Shome
CryptoCurrency
Australia Gears Up for Bitcoin ETFs: ASX Leads the Charge
VanEck and BetaShares are expected to introduce Bitcoin ETFs in Australia.
The country's substantial $2.3 trillion pension market could drive inflows into Bitcoin ETFs.
Monday, 29/04/2024 | 14:23 GMT
by
Jared Kirui
Payments
Why Are Aussies Clinging to Their Credit Cards in the Age of Digital Wallets?
A look into Globaldata's recent study.
Friday, 26/04/2024 | 16:00 GMT
by
Pedro Ferreira
Payments
Friction at the Border: Why Your International Coffee Fix Could Soon Be Instant
The brewing of a revolution?
Wednesday, 24/04/2024 | 16:00 GMT
by
Pedro Ferreira
Retail FX
ASIC Says: Prepare Now for Mandatory Climate Reporting
The regulator is urging companies to start preparing for new climate requirements.
Despite the pragmatic approach, it emphasizes that proactive preparation is crucial.
Tuesday, 23/04/2024 | 07:45 GMT
by
Damian Chmiel
Retail FX
ASIC Pulls the Plug on This Retail Broker's Financial Services License
The regulator has revoked JB Markets' Australian Financial Services license.
The move comes after the company failed to meet financial requirements.
Monday, 22/04/2024 | 07:57 GMT
by
Damian Chmiel
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Retail FX
This Regulator Bids Farewell to Long-Serving Top Executives
ASIC announced leadership changes amid ongoing transformation.
The current CEO, Warren Day, is leaving the institution after over 20 years of service.
Monday, 15/04/2024 | 08:01 GMT
by
Damian Chmiel
CryptoCurrency
$41 Million Crypto Investment Scheme Collapses in Australia
The court-appointed receivers for the digital assets held by three companies operating the scheme.
The scheme offered a maximum fixed return of 16 percent.
Friday, 12/04/2024 | 07:35 GMT
by
Arnab Shome
Retail FX
Aussie Court Orders CFDs Broker Prospero Markets to Shut Down, Appoints Liquidators
ASIC previously suspended its AFS license for failing to lodge annual financial statements and audit reports.
The regulatory action followed charges against some of its former employees in a $229 million money laundering scheme.
Thursday, 11/04/2024 | 06:03 GMT
by
Arnab Shome
Retail FX
Third Conviction Looms in $180M Courtenay House Ponzi Scheme
David Sipina admits to unlicensed financial services and dealing with crime proceeds.
This comes a year after he was first charged in connection with a Ponzi scheme.
Wednesday, 20/03/2024 | 07:08 GMT
by
Damian Chmiel
Institutional FX
ASX Had 8,417 Transperancy Errors. It Cost It $1 Million
ASIC fined ASX $1.05M for failing to provide pre-trade transparency on its platform.
The operator failed to identify incorrect system configurations.
Thursday, 07/03/2024 | 08:00 GMT
by
Damian Chmiel
Retail FX
ASIC Wipes Out 3,500 Fraudulent Investment Websites in Anti-Scam Initiative
The commission accumulated $60 million in civil penalties in the second half of last year.
It initiated 83 investigations, charged 19 individuals criminally, and conducted nearly 350 surveillances.
Monday, 04/03/2024 | 09:06 GMT
by
Tareq Sikder
Retail FX
Don’t Trust Fake Elon Musk Encouraging You to Invest, Warns Regulator
An AI-generated billionaire was said to cost one Australian $80,000.
ASIC warns against the increasingly common investment deepfakes.
Friday, 01/03/2024 | 07:26 GMT
by
Damian Chmiel
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Retail FX
The $229 Million Money-Laundering Scheme That Brought Down Prospero Markets
ASIC targets Prospero Markets for legal action due to money-laundering claims.
The court hearing for Prospero's liquidation is set for March 2024 after ASIC's move.
Friday, 01/03/2024 | 06:54 GMT
by
Damian Chmiel
Retail FX
Clueless Investors Finance Director's $440K Splurge in Sham Hedge Fund Scheme
The fake fund became Russell Sandiford's private wallet to cover daily expenses.
He now faces up to 15 years behind bars and a substantial financial penalty.
Tuesday, 13/02/2024 | 13:03 GMT
by
Damian Chmiel
CryptoCurrency
Block Earner’s Crypto Product Needs Financial Services License: Aussie Court
ASIC first charged the crypto company for lacking an appropriate license in November 2022.
The product allowed users to earn fixed yield returns from different crypto-assets.
Friday, 09/02/2024 | 09:28 GMT
by
Arnab Shome
Brokers
CFDs on Trial: IC Markets Faces Class-Action Lawsuit in Australia
The lawsuit alleged unconscionable conduct and misleading and deceptive conduct by the broker.
The broker is now facing two class-action lawsuits in the country.
Thursday, 08/02/2024 | 10:47 GMT
by
Arnab Shome
Retail FX
Australian Regulator Clamp Down on Super Fund Scam and Unlicensed Crypto Services
The watchdog charges individuals in SMSF scams and unlicensed crypto service cases.
The schemes promised high returns for retail investors.
Tuesday, 06/02/2024 | 08:49 GMT
by
Damian Chmiel
Retail FX
How a Banned Aussie Built a Financial Network of 5 New Companies
David Fuoco was banned from the financial sector for a decade.
However, this did not prevent him from opening five new investment firms.
Thursday, 25/01/2024 | 09:20 GMT
by
Damian Chmiel
Retail FX
Australia's Top Lender Teams Up with Travelex to Revive FX Cash Services
CBA's 11 million customers will access 30+ currencies on Travelex.
Travelex and CBA's partnership signals a positive shift in Australia's retail FX landscape post-Covid.
Wednesday, 24/01/2024 | 14:54 GMT
by
Jared Kirui
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Retail FX
Indie Advice's License Axed by ASIC: Financial Inactivity Fallout
Despite the cancellation, the license is effective till June 2024 for dispute resolutions.
This is another ASF license withdrawal in recent months.
Tuesday, 23/01/2024 | 08:59 GMT
by
Damian Chmiel
Retail FX
ASIC Extends Registration Deadline for Financial Advisors by 2 Weeks
The new deadline to register with the regulator is not 16 February 2024.
Any registration failure would attract enforcement actions.
Thursday, 18/01/2024 | 09:04 GMT
by
Arnab Shome
Retail FX
Complaints against Australian Financial Firms Topped in 2023
The AFCA received 102,790 complaints from distressed residents last year.
The ombudsman already secured AU$304 million in compensation and refunds.
Tuesday, 09/01/2024 | 08:07 GMT
by
Arnab Shome
FinTech
Fintech Firm Volt Rides Wave of Series B Funding to Australian Shores
The company is expanding its payment technology.
Local Megatix is the first to adopt Volt for quicker transfers.
Thursday, 23/11/2023 | 08:50 GMT
by
Damian Chmiel
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