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Why your AML/CTF Program needs to be independently reviewed regularly
18 Feb 2025
Naomi Fink
Special CounselIf you are a business that will be regulated in 2026 under Tranche 2 of the AML/CTF reforms, we can help you stay up to date as the reforms progress,…...
Read moreLicensing 101: The Fit and Proper requirement
10 Feb 2025
Ellie Khor
LawyerWhen applying for an AFSL, applicants must be prepared to meet the fit and proper requirement – a test that assesses competence, financial soundness, legal compliance and moral character. ASIC…...
Read moreIt’s time to dust off your conflicts of interest policy
27 Jan 2025
Josh Wigney
AssociateIn 2018, ASIC launched a crusade against poor financial advice. ASIC looked at how some of Australia’s larger banking and financial services institutions dealt with conflicts of interest between…...
Read moreDo I really need to do Responsible Manager (RM) Training?
16 Jan 2025
Samantha Hills
PartnerYou’re busy. You have a business to run and services to deliver. On top of that, your compliance consultant is saying you need to do Responsible Manager training. Is…...
Read moreASIC v HSBC: Is “adequacy” enough to manage cybersecurity risk?
20 Dec 2024
Ursula Noye
Senior AssociateWhile Optus and Medibank come to mind when we think of cyber incidents, ASIC is increasingly enforcing its regulatory priority of licensee failures to have adequate cyber-security protections. Think RI…...
Read moreAdvice fees from super – important changes for advice licensees
04 Dec 2024
Samantha Hills
PartnerIt pays to understand super trustees’ obligations as modified by the DBFO Act when it comes to advice fees. For an advice licensee, this will be useful when it comes…...
Read moreInsurance commission consent – conflicted remuneration escape hatch
25 Nov 2024
Samantha Hills
PartnerLicensees who provide financial product advice in relation to general insurance, life insurance or consumer credit insurance will be familiar with the exemption from conflicted remuneration for commissions on these…...
Read moreOngoing fee arrangements – consent, consent, consent
18 Nov 2024
Samantha Hills
PartnerThe big-ticket item for advice licensees resulting from the DBFO Act is the changes made to ongoing fee arrangements (OFAs). New provisions relating to OFAs come into effect from 10…...
Read moreASIC’s enforcement priorities in design and distribution: What we know from recent stop orders and Federal Court decisions
12 Nov 2024
Ursula Noye
Senior AssociateReceiving a stop order or Federal Court claim relating to a licensee’s product design is extremely stressful for licensees. We should know! We have helped numerous licensees lift interim stop…...
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