On 29 October 2024, the Australian Securities and Investments Commission (ASIC) published REP 798 Beware the gap: Governance arrangements in the face of AI innovation. This report details ASIC's findings from a review of how...more
11/25/2024
/ Artificial Intelligence ,
ASIC ,
Asset Management ,
Australia ,
Compliance ,
Consumer Financial Products ,
Financial Services Industry ,
Innovative Technology ,
Licensees ,
Machine Learning ,
Risk Mitigation
The Attorney-General has introduced the Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2024 (the Bill) to address regulatory “gaps” in Australia’s existing Anti-Money Laundering and Counter-Terrorism...more
11/5/2024
/ Anti-Money Laundering ,
Anti-Terrorism Financing ,
Asset Management ,
Australia ,
Cryptocurrency ,
Digital Assets ,
Foreign Investment ,
Popular ,
Proposed Legislation ,
Risk Assessment ,
Risk Management ,
Terrorist Financing
Since our last update in late June, governments and regulators have been continuing to address COVID-19 issues with new updates released regularly. Notably, regulators have also extended some temporary measures given the...more
Asset managers are increasingly looking to Australia as a source of growth and as a gateway to the Asia Pacific region. This overview will assist managers navigate the Australian regulatory landscape.
Financial Services...more