Australia’s corporate regulator is escalating its crackdown on private credit funds that fail to safeguard investors, with the Australian Securities & Investment Commission warning of more aggressive legal action against poor practices in the A$200 billion industry. Deputy Chair Sarah Court will announce enhanced enforcement targeting private credit misconduct as part of ASIC’s 2026 priorities, while the watchdog simultaneously expands its focus to misleading pricing by banks, insurance companies, and pension fund trustees.
about ASIC Cracks Down on Private Credit Funds, BanksSarah Court
0 posts last weekASIC Expands Scam Crackdown to Social Media Ads
The Australian Securities and Investments Commission (ASIC) is broadening its anti-scam enforcement to include monitoring social media advertisements, Deputy Chair Sarah Court announced. This expansion follows the regulator’s successful removal of 14,000 online scams since July 2023, with more than 3,000 specifically involving cryptocurrency schemes. The enhanced scrutiny targets investment scams and phishing websites that proliferate through online ads. This regulatory action coincides with concerning global trends, as crypto-related hacks, scams, and exploits resulted in $2.47 billion in losses during the first half of 2025—a 3% increase compared to the same period in 2024.
about ASIC Expands Scam Crackdown to Social Media Ads