Compliance

AUSTRAC flags AI fraud surge as lenders bolster defences
by Charlie Tchetchenian • 18 May 2026
Australia’s financial crime watchdog has sounded a fresh alarm on AI‑enabled money laundering as lenders move to... READ MORE

When fraud is found, innocent brokers should not become collateral...
by Phil Rice • 7 May 2026
The blanket freezing of innocent brokers’ businesses undermines natural justice and destroys professional... READ MORE

APRA demands ‘step change’ in financial sector AI controls
by Charlie Tchetchenian • 4 May 2026
The prudential regulator has warned that AI risk management is lagging behind fast‑evolving adoption, flagging cyber... READ MORE

Federal Court hits Money3 with $1.55m car loan fine
by Charlie Tchetchenian • 29 Apr 2026
The non-bank lender has received a hefty sanction after the Federal Court found that key checks on vulnerable borrowers... READ MORE

ASIC steps up finfluencer blitz as social media reshapes industry
by Charlie Tchetchenian • 28 Apr 2026
Global regulators have joined forces to clamp down on unlawful finfluencers as young borrowers lean harder on social... READ MORE

Solicitor charged for alleged involvement in multimillion-dollar...
by Annie Kane • 22 Apr 2026
A 32-year-old solicitor has been brought in on charges relating to multimillion-dollar fraud, joining a growing list of... READ MORE

Aggregators call for better data sharing

by Annie Kane • 22 Apr 2026
As a multibillion-dollar fraud scandal rocks the mortgage industry, Australia’s major aggregators have revealed that... READ MORE

MFAA says customer-owned banking code must include brokers
by Charlie Tchetchenian • 16 Apr 2026
The Mortgage & Finance Association of Australia has called for the next iteration of the customer-owned banking... READ MORE

YBR appoints risk chief as compliance scrutiny intensifies
by Charlie Tchetchenian • 14 Apr 2026
Yellow Brick Road Group has appointed a chief risk and compliance officer, in a move it said was designed to raise the... READ MORE

AUSTRAC urges tougher checks as mortgage fraud probe widens
by Charlie Tchetchenian • 9 Apr 2026
Fresh guidance from AUSTRAC has warned lenders to lift verification standards as it continues its ongoing assessment... READ MORE