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Europe's Economic Crossroads: Recession Fears and S&P Global's
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Will Blockchain Technology Mark a Turning Point in Fraud
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Europe's Economic Crossroads: Recession Fears and S&P Global's
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Australia
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Retail FX
eToro Kicks Off a Three-Year Sponsorship with Australian Football League
eToro became the Official Trading and Investing Platform of the A-Leagues for three years.
The partnership includes branding on jerseys, substitution boards, and a digital presence.
Thursday, 02/11/2023 | 08:27 GMT
by
Damian Chmiel
Retail FX
ASIC’s Anti-Scam Drive: Over 2,500 Investment Fraud, Phishing Websites Face Action
The regulator implemented a new scam website takedown capability.
It has already taken down 2,100 websites.
Thursday, 02/11/2023 | 08:10 GMT
by
Arnab Shome
Retail FX
Complaints against FTX Australia Tops in FY23, IC Markets Follows
The number of complaints was revealed in the latest data by AFCA.
Complaints against derivatives and forex dealers significantly dropped from the previous year.
Tuesday, 24/10/2023 | 09:43 GMT
by
Arnab Shome
Retail FX
Good News for AFS Licensees: ASIC Eases Breach Reporting Rules
If a regulation breach didn't harm the client, there's no need to report it.
Additionally, ASIC has extended the reporting period for significant matters from 30 to 90 days.
Thursday, 19/10/2023 | 09:48 GMT
by
Damian Chmiel
CryptoCurrency
Australia Proposes Tighter Crypto Rules: Mandatory Licenses and Reviews
Crypto exchanges need to obtain licenses from ASIC.
Kraken’s Australia Director called it the “shoehorning” of crypto in financial services regulations.
Monday, 16/10/2023 | 06:29 GMT
by
Arnab Shome
Institutional FX
AUSIEX Taps Saxo Australia for Market Access to Financial Advisors
Financial advisors on AUSIEX can now directly trade equities.
It supports more than 475,000 investors and over 4,500 advisers.
Thursday, 28/09/2023 | 09:34 GMT
by
Arnab Shome
CryptoCurrency
‘Similar to a Bank Account’: Aussie Fintech Fined for Misrepresentation of Crypto Product
The product claimed to be risk-free, offering an annual return of 7.6 percent.
It received about AU$1.6 million from around 700 customers.
Wednesday, 27/09/2023 | 06:35 GMT
by
Arnab Shome
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Institutional FX
ANZ Hit with $15 Million Fine for Misleading Almost 200,000 Customers
The federal court orders against ANZ for misleading customers about credit card fees.
Over 186,000 accounts have been remediated, with some customers charged thousands in USD.
Tuesday, 26/09/2023 | 09:03 GMT
by
Damian Chmiel
CryptoCurrency
Crypto Exchange JPEX Moves to Deregister Australia Entity, HK Blocks Access
Hong Kong police received complaints from 1,641 investors involving HK$1.2 billion in crypto assets.
Several arrests were made in connection with the crypto exchange.
Thursday, 21/09/2023 | 10:41 GMT
by
Arnab Shome
Retail FX
ASIC Grants 332 Australia Financial Services License in FY23
The number decreased significantly from the previous year.
The regulator also suspended 26 AFS licenses last year.
Thursday, 21/09/2023 | 07:55 GMT
by
Arnab Shome
CryptoCurrency
Aussie Operator of Kraken Sued over Design and Distribution Failures
The Aussie regulator took action against the platform's margin trading product.
Kraken is "surprised and disappointed" with the regulatory action.
Thursday, 21/09/2023 | 06:22 GMT
by
Arnab Shome
Brokers
ASIC Fines Interactive Brokers for Allowing Suspicious Trading
The broker's surveillance system triggered 44 'marking the close' alerts.
The regulator called it 'negligent' and 'reckless' conduct.
Wednesday, 20/09/2023 | 07:04 GMT
by
Arnab Shome
FinTech
ASIC Sues PayPal: Alleges Unfair Terms for Small Aussie Businesses
PayPal gives only 60 days to businesses to challenge any errors with fees.
The payments firm has about 608,275 active business account contracts in the country.
Thursday, 07/09/2023 | 06:49 GMT
by
Arnab Shome
Retail FX
Obligations for CFDs Brokers: ASIC Seeks to Tighten DDO Rules Further
The Aussie regulator introduced the DDO rules in October 2021.
It has taken action against five retail OTC brokers since then, including a lawsuit against eToro.
Wednesday, 06/09/2023 | 05:03 GMT
by
Arnab Shome
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Institutional FX
Tradeweb Completes A$125 Million Acquisition of Yieldbroker
The deal aims to strengthen Tradeweb's foothold in the APAC bond markets.
The company's client will gain access to Australian and New Zealand's debt instruments.
Thursday, 31/08/2023 | 07:27 GMT
by
Damian Chmiel
CryptoCurrency
Melbourne-Based Crypto Lender Helio Sentenced for Misleading License Claims
The company claimed Australian Credit License but allegedly did not hold one.
ASIC has imposed an AUD $15,000 recognizance against the lender.
Friday, 18/08/2023 | 09:56 GMT
by
Jared Kirui
Retail FX
No AFS License Needed until 2025: ASIC Extends FFSPs Transitional Relief Again
The Australian regulator extends the deadline for foreign firms.
The date has been set for 31 March 2025, pushing back the need for an Australian license.
Tuesday, 08/08/2023 | 05:08 GMT
by
Damian Chmiel
Retail FX
FX/CFDs Broker Probis Goes Bankrupt, ASIC Halts Its License
ASIC has halted Probis Financial Services' AFS license due to its bankruptcy.
The firm must maintain membership with the AFCA until 30 October 2023.
Monday, 07/08/2023 | 05:23 GMT
by
Damian Chmiel
Retail FX
ASIC Reports $109M in Civil Penalties and 144 Ongoing Cases after H1 2023
The first half of 2023 saw 125 charges against individuals.
70 investigations have commenced, and 144 are still ongoing.
Wednesday, 02/08/2023 | 09:25 GMT
by
Damian Chmiel
CryptoCurrency
ASIC Cancels License of Bankrupt FTX Australia
The regulator initially suspended the license of the crypto exchange on 14 November 2022.
The administrators of the Aussie subsidiary are yet to resume withdrawals.
Wednesday, 19/07/2023 | 06:29 GMT
by
Arnab Shome
Institutional FX
Australia’s Central Bank Picks Michele Bullock as First Female Governor
Bullock will serve as the ninth governor of the RBA.
She replaces Philip Lowe, who will end his tenure in September.
Friday, 14/07/2023 | 08:38 GMT
by
Jared Kirui
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Brokers
Fortune Prime Acquires GMT Markets to Offer CFDs in Australia
GMT Markets has offered FX and CFDs in Australia since 2011.
Fortune Prime has already started to offer services with the ASIC license gained through the acquisition.
Thursday, 13/07/2023 | 07:22 GMT
by
Arnab Shome
CryptoCurrency
Aussie Regulator Searched Local Binance Offices
The search was a part of the ongoing probe against the exchange derivatives business.
Neither ASIC nor Binance confirmed the search.
Wednesday, 05/07/2023 | 09:04 GMT
by
Arnab Shome
Retail FX
Australia Launches Fusion Cell to Tackle $1b Investment Scams
Australia's National Anti-Scam Centre is spearheading the country's first fusion cell.
The initiative aims to disrupt scam operations.
Monday, 03/07/2023 | 09:03 GMT
by
Damian Chmiel
Retail FX
ASIC Flags Mitrade Global for DDO Violations, Suspends Operations
Mitrade offered unlimited attempts to retail traders to pass its questionnaires.
The order is effective for 21 days unless revoked earlier.
Friday, 02/06/2023 | 06:26 GMT
by
Arnab Shome
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