We have extensive experience in Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Act) matters.
Since the Act’s introduction, we have been advising clients to employ an anti-money laundering (AML) and counter-terrorism financing (CTF) program, in line with their legislative obligations.
With a proactive approach to guiding clients through the process, we advise on the full range of AML/CTF issues. This includes the application of the Act, compliance programs, relevant requirements and implementation, dealings with regulators and regulatory issues.
We are currently advising many wholesale and retail funds-managed clients on their obligations under the AML/CTF legislation and preparing their AML/CTF programs.
Banking & Finance| 08 Apr 2021
In this edition, we report on ASIC’s CFD and binary option product intervention orders, ASIC’s requirements for advice fee consents and independence disclosures, ASIC’s ‘no action’ position on virtual meetings and much more.
Blockchain, Cryptocurrency, Initial Coin Offerings & Security Token Offerings| 01 Apr 2021
The Financial Action Task Force, an international body that sets standards for anti-money laundering and counter-terrorism financing, published its updated Draft Guidance for public consultation.
Banking & Finance| 15 Mar 2021
In this edition, we report on draft exposure regulations for incoming reforms to breach reporting obligations.
Banking & Finance| 23 Feb 2021
In this edition, we consider the much-anticipated High Court decision in Westpac v ASIC on personal versus general financial product advice and the introduction of the ‘Your Future, Your Super’ bill and proposed amendments to continuous disclosure rules into Parliament.