ASIC has closed its investigations into WiseTech Global, Richard White and two current employees without enforcement action. A separate inquiry into another individual continues, leaving one thread unresolved.
- No-action letters issued to WiseTech, Richard White and two employees
- Governance investigation concluded without enforcement action
- Separate ASIC investigation into a non-employee remains ongoing
- Company says resolution allows greater focus on long-term shareholder value
ASIC closes investigations into WiseTech and executives
WiseTech Global Ltd (ASX:WTC) has removed a substantial piece of regulatory uncertainty after ASIC issued no-action letters to the company, founder Richard White and two current employees. The letters confirm ASIC does not intend to take enforcement action against those parties.
The trading investigation had followed the ASIC search warrant investigation reported in October 2025, when Australian authorities investigated alleged trading in WiseTech shares involving White and employees. No charges had been filed at that stage.
Separate governance inquiry also ends without action
ASIC has separately concluded a governance investigation that began in late 2024. It has issued a no-action letter to WiseTech, confirming that the company will not face enforcement action in relation to that inquiry either.
The announcement does not disclose the allegations examined, ASIC’s reasoning, or any findings beyond the decision not to pursue enforcement. That limits what can be drawn from the outcome, but it clearly removes the prospect of regulatory action against the company and the named individuals in these matters.
One ASIC investigation remains open
ASIC told WiseTech that its investigation into another individual is continuing. That person is not a WiseTech employee, and the company did not identify them or provide further details about the scope or status of the inquiry.
Independent chair Raelene Murphy said the resolution was “another step forward” as WiseTech focused on creating long-term shareholder value. The remaining investigation means the regulatory story is not entirely closed, even though the company, White and two employees have now received formal confirmation that ASIC will take no enforcement action against them.
Bottom Line?
The immediate enforcement risk has narrowed materially, but the unresolved inquiry means the regulatory file is not yet fully closed.
Questions in the middle?
- What is the scope and subject of ASIC’s continuing investigation into the non-employee?
- Will the closed matters lead to changes in WiseTech’s governance disclosures or internal controls?
- How will investors weigh the regulatory resolution against the company’s wider integration and execution priorities?