Australian Securities and Investments Commission (ASIC)
The Australian Securities and Investments Commission (ASIC) is an independent body that enforces corporation and consumer law. ASIC ensures that consumers are protected and treated properly when they purchase and use financial products and services.
They aim to reduce or eliminate bad financial practices, unfair treatment and fraud. ASIC is responsible for rules, regulations, monitoring and guidance in several areas including:
- Corporate governance
- Financial services
- Securities and derivatives
- Consumer protection
- Financial literacy
Currency exchange and money transfer providers that are based in Australia are regulated by ASIC.
ASIC is a financial regulatory authority.
Money Transfer Glossary
When it comes to exchanging money, paying for your transfer, understanding exchange rates and more, it’s important to understand what all the details mean. But don't worry. We’ve got you covered with our complete Monito glossary and guide to the most frequent terms you’ll come across when you send or receive money internationally.
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