Australian Securities and Investments Commission

The Australian Securities and Investments Commission (ASIC) is Australia's national financial regulator responsible for supervising and regulating the country's companies, markets, financial services and consumer credit activities. Its main responsibilities include:

Regulating financial markets: ASIC ensures that Australia's financial markets are fair, orderly and transparent, protects the rights and interests of investors, and maintains market confidence and integrity.

Supervising companies and financial service providers: ASIC supervises Australian companies and financial service providers to ensure that they comply with relevant laws and regulations, especially the Corporations Act and the Financial Services Act.

Protecting consumers: ASIC is committed to protecting the rights of consumers in financial products and services and combating fraud, misconduct and misleading sales practices.

Supervising investments and financial products: ASIC is responsible for supervising a wide range of financial products, including securities, futures, insurance, superannuation plans and other investment products.

Anti-money laundering and counter-terrorism financing: In cooperation with other government agencies, ASIC ensures that financial companies comply with anti-money laundering (AML) and counter-terrorism financing (CTF) laws.

Enforcing laws and holding accountable: ASIC has the power to take legal action against companies and individuals who violate the law, including fines, revoking licenses and initiating prosecutions.

ASIC's goal is to ensure the stability of the financial system, the efficiency of the market and provide a fair trading environment for businesses and investors through a good regulatory framework.