ARTICLE · 08 MAY 2023

Financial Services Thinking – Issue 34

McMahon Clarke

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Showcases news from the corporate regulators and assists businesses to comply with financial services laws.

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Welcome to the latest edition Financial Services Thinking showcasing the news from the corporate regulators.

We also share a 'hot tip' about AUSTRAC's updated guidance on employee due diligence and anti-money laundering and counter-terrorism financing (AML/CTF) training and what you should do next.

Please share Financial Services Thinking with your friends and colleagues, and we value your feedback.

ASIC

ASIC updates guidance on breach reporting - are you up to date?

ASIC recently released updated guidance for industry on making notifications to ASIC under the reportable situations regime (formerly breach reporting). The revised Regulatory Guide 78 Breach reporting by AFS licensees and credit licensees-

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