Insights

As the Australian Securities and Exchange Commission (ASIC) simplifies guidance and legislative instruments, financial institutions can expect clearer compliance requirements and greater opportunities to innovate.

Australia’s financial intelligence regulator has fined the neobank for failing to report international funds transfers on time, the second time this year that it has been penalised for anti-money laundering (AML) breaches.

In bringing virtual asset service providers (VASPs) under its anti-money laundering and counter-terrorism financing (AML/CTF) framework, Australia aims to align with global standards and simplify financial regulation.

The rulings confirm that account servicing payment providers (ASPSPs) can impose conditions on enhanced payment information and clarify the rules on corporate proxy matrices and API key use in strong customer authentication (SCA).

Dutch merchants are interested in an offline digital euro as long as it is not expensive, but know little about the currency, a survey by De Nederlandsche Bank (DNB) has found.

On July 1, 2025, Sweden changed its approach to regulating the payments ecosystem by repealing the light-touch registration exemptions for registered payment service providers (PSPs) and registered electronic money issuers (EMIs) under the Payment Services Act (2010:751) and the Electronic Money Act (2011:755). Under the new framework, most operators, except those offering only account information services, will require full licensing by the Swedish Financial Supervisory Authority (Finansinspektionen — FI).

The Australian Securities and Investments Commission (ASIC) is prioritising regulatory simplification, technological investment and support for innovation, demonstrating a willingness to adapt legislation and operations to emerging financial trends.

Regulation (EU) 2023/1114 (Markets in Crypto-Assets – MiCA) was published on June 9, 2023. It provides specific rules and requirements for crypto-assets, related services and activities that were previously not covered by Union legislative acts on financial services. This Mapping EU Legislation: MiCA page lays out the key dates, transition deadlines for member states, as well as any RTS, ITS, delegated regulation, implementing regulation or guideline issued and published. It will be updated in line with any MiCA update.

The ongoing legal battles surrounding the expansion of prediction markets will continue to be an important topic to monitor over the coming months and potentially years, including a key step this month.

The UK’s Crown Prosecution Service (CPS) has charged 11 individuals with serious offences, including conspiracy to defraud and conspiracy to bribe, related to the provision of gambling services in Turkey between 2011 and 2018.