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The Australian Securities and Investments Commission has warned digital asset firms they have until 30 June 2026 to lodge Australian Financial Services licence applications or variations. The reminder follows updated guidance that brings a wider range of crypto-related products into the financial services regime.
The Australian Securities and Investments Commission has cancelled the Australian financial services licence of ABL Funds Management Pty Ltd. The decision follows ABL’s failure to lodge statutory audit and financial reports for three consecutive financial years. ABL may seek a review of ASIC’s decision before the Administrative Review Tribunal.
Former Berndale director Stavro D'Amore has pleaded guilty to multiple dishonesty offences involving the illegal transfer of client funds at the now-collapsed CFD broker. He faces a potential prison term or heavy financial penalty, with sentencing scheduled for July 2026.
The Qatar Financial Centre has introduced a relief package for more than 4,400 registered firms, extending audited financial statement deadlines and offering flexibility on tax filings. The measures come as Qatar and the wider Gulf region face economic fallout from war with Iran and projections of a sharp contraction in Qatar’s economy.
