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ASIC recently issued an infringement notice to Deutsche Bank Aktiengesellschaft (Deutsche Bank), which paid a penalty of $2 million for misreporting more than 260,000 over-the-counter (OTC) derivative transactions. This is a step-change in scale for ASIC trade reporting enforcement – roughly four times the combined AMP Life/AMP Capital penalties ($526,000, 2020) and more than fifteen times the Westpac penalty ($127,250, 2017), both issued under the earlier reporting rules regime.

It is not unusual for business partners, company directors or family to give joint guarantees of their company's debt.

Links to medial releases, in practice & courts and cases relating to superannuation, funds management & financial services.

The AML/CTF Amendment Act legally requires reporting entities to appoint a fit-and-proper, management-level AML/CTF Compliance Officer under strengthened governance rules.

The recent charges imposed on a (very) famous influencer in the US by the US Securities and Exchange Commission is informative to the current discussion and debate in Australia regarding...

This insight looks at the 5 key implications for fund managers coming out of the Banking Royal Commission Final Report.

A lender successfully sued its mortgage originator who did not follow proper procedures when checking a borrower's ID.

This new guide aims to make it easier for financial services providers to communicate information to clients digitally.

Regulators and industry bodies are urging financial market participants to prepare for when LIBOR will cease in 2021.

Mandatory climate disclosure is coming to Australia. Businesses should see these new regulatory requirements as an opportunity to use climate reporting to drive business value.

Members of our team were invited to attend a licensing liaison meeting at ASIC's offices in Sydney last Thursday.

ASIC's enforcement in the SACC space has continued, with its issue of an interim stop order preventing City Finance from issuing its SACC to consumers.

The new Banking Code of Practice (BCOP) mandates procedures for situations where joint borrowers will not obtain a ‘substantial benefit'.

Key points of the federal budget from the perspective of superannuation, funds management and financial services.

This newsletter includes links to recent information relating to superannuation, funds management & financial services.

News for the finance sector.

This newsletter includes links to recent documents relating to superannuation, funds management & financial services.