ASIC is one of three Australian government bodies that regulate financial services; it is the single national regulator of Australia's 1.1 million companies. ASIC regulates advising, selling, and disclosure of financial products and services to consumers, so they have adequate information, are treated fairly, and have adequate avenues for redress. ASIC protects markets and consumers from manipulation, deception, and unfair practices. It is also the "watchdog" of corporations law, as it promotes honesty and fairness in securities and futures markets and in company affairs. ASIC is also a law enforcement agency with over 400 members of an investigative staff that undertakes both criminal and civil actions. ASIC has also been a major player in electronic commerce for several years, as it deals with several million electronic transactions a year as part of its public information services. This paper has sections that describe ASIC's response to electronic commerce, its enforcement capability in this area, and the intelligence and analysis conducted by its specialized Electronic Enforcement Unit; industry cooperation; international cooperation; media coverage of successes; and consumer education and resources.