Welcome to the latest edition of our Financial Services Compliance Newsletter.
Each month, we provide key regulatory updates, compliance insights, and industry developments impacting the financial services sector. In this issue, we highlight:
ASIC’s ten-year ban of a former adviser/director over fees-for-no-service conduct, and the cancellation of an AFS licence for ceasing to operate and failing to pay levies.
ASIC’s action against directors of a Perth financial services company for failing to lodge financial statements and audit reports.
Further civil proceedings by ASIC relating to greenwashing, including allegations of misleading ESG fund disclosures, along with new ‘better practice’ guidance following its review of offshore outsourcing governance.
Treasury’s release of draft legislation proposing a new regulatory framework for payment service providers.
AUSTRAC’s new guidance on upcoming AML/CTF reforms and an infringement notice issued to a remittance provider for late reporting.
Read the full newsletter here.
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