WiseTech Global reports ASIC no‑action letters for White and two employees
ASIC also ended a governance inquiry, while its share-trading investigation into a separate non-employee continues.
Julian Okafor
The corporate watchdog has closed its inquiries into alleged share trading by three employees of a global logistics software supplier. WiseTech Global Ltd ASXWTC, which serves more than 20,000 logistics customers, said on Thursday, Oct. 15 that ASIC had issued no-action letters to Richard White and two other current employees.
The Australian Securities and Investments Commission also concluded a separate governance investigation that began in late 2024, according to WiseTech. The company received its own no-action letter, while a share-trading investigation concerning another individual, who is not an employee, continues.
WiseTech shares were higher at A$34.91 on the ASX in Google Finance's ASXWTC quote timestamped 12:40 p.m. AEDT on Oct. 15. That intraday observation precedes the Australian market close and does not establish where the shares finished.
The Oct. 15 announcement reports what ASIC told WiseTech; it does not reproduce the letters or announce a court judgment.
White And Two Employees Receive No-Action Letters
WiseTech identified the share-trading matter as the investigation covered by its Oct. 28, 2025 announcement. Thursday's update says ASIC concluded its investigation in respect of White and the two employees, with the letters confirming that it will take no enforcement action against them.
The company did not name the two other current employees in its Oct. 15 notice. It also did not identify the non-employee whose investigation continues, or provide a timetable for that investigation.
"The no-action letters confirm that ASIC will not take any enforcement action against Richard White or those two employees," WiseTech said in its announcement.
The governance decision covers a different investigation, which WiseTech dates to late 2024. For that matter, the company's letter confirms that ASIC does not intend to take enforcement action in respect of the investigation.
ASIC's general guidance on no-action letters, issued on Feb. 13, 2025, describes them as an expression of regulatory intent at the time they are given. The guide says they are specific to particular circumstances and are not a form of legal advice or relief.
The guide also says a no-action position may be withdrawn and does not affect third parties' rights to take legal action. Those are ASIC's general policy statements, rather than a published explanation of its reasoning in the WiseTech investigations.
WiseTech's Oct. 15 notice reports the enforcement decisions without setting out ASIC's assessment of the underlying evidence. It does not announce an exoneration or a finding that the alleged conduct occurred.
Independent chair Raelene Murphy described the resolution as another step toward the company's focus on long-term shareholder value. The board authorized the Oct. 15 announcement, which separates the completed employee inquiries and governance investigation from the continuing non-employee inquiry.
Software Reaches More Than 20,000 Customers
The regulatory update concerns a supplier with customers across 193 countries, according to the company profile accompanying the Oct. 15 announcement. Its more than 20,000-customer count includes both CargoWise and other platforms, with a footnote explaining that some customers are counted by installed sites. The footnote also says the total includes deduplicated e2open customers, so acquired customers are included in the reported figure.
The company also says it serves 47 of the world's top 50 third-party logistics providers. Its Oct. 15 profile bases that description on Armstrong & Associates' rankings by 2025 gross logistics revenue, updated May 11, 2026.
WiseTech says its acquisition of e2open expanded its network to more than 500,000 connected enterprises across manufacturing, logistics, channels and distribution. That network count describes connected enterprises, while the smaller customer figure uses the company's separate customer-counting methodology.
The Oct. 15 profile also reports more than 6,500 enhancements to the CargoWise platform across the five financial years through fiscal 2026. The release presents those figures as operating context; the regulatory resolution itself contains no new sales forecast or customer contract.
WiseTech's official announcements index dates its annual report, shareholder letter and annual general meeting notice Oct. 13. Those board disclosures preceded Thursday's announcement that ASIC had completed the specified investigations.
The continuing inquiry is the next unresolved regulatory checkpoint identified in the Oct. 15 release. WiseTech gives no date for its conclusion, and the no-action decisions announced for White, the two employees and the company do not extend to that separate individual.
