It is important to monitor your AFSL and ACL numbers to prevent individuals from using them for fraudulent activities.

ASIC has issued periodic reminders and warnings to AFS licensees and Australian Credit Licensees.

There are important compliance obligations related to the licence that the entity must continue to comply with, at all times.

ASIC will commence surveillance of this sector by reviewing how 100 licensees comply with the law.

AFSL holders have an obligation to notify ASIC of any changes to its details within ten (10) business days of the change.

All CFD issuers should review leverage limits and ensure correctly applied to the CFD instruments on their platform.

Licensees should consider taking steps to notify existing clients who were serviced by the Authorised or Credit Representative.

ASIC anti-hawking reforms provide retail clients with greater control over decisions to purchase financial products.

ASIC cancelled two Australian Financial Services Licences for failing to pay industry funding levies. Both were more than 12 months overdue.

Essentially, financial advisers may give their clients a FSG or make the FSG information publicly available on their website .

Failure to comply with these financial services laws can result in heavy fines and tough penalties.

The first time AUSTRAC has publicised its enforcement action with regard to failures to submit compliance reports.

ASIC is keeping a close eye on social media influencers especially where they suspect they are breaching of Corporations Act.

Remittance dealers and DCEs play a vital role in detecting and disrupting criminal abuse of Australia's financial system

In NSW, a person may be exempt from requiring a licence to provide business agent functions in certain conditions.

If you provide clients with advice on tax implications of the financial product advice you have provided, you need to be registered.

Importance of ongoing customer due diligence for all reporting entities.

New complaints handling requirements apply to both AFSL holders dealing with retail clients & ACL holders.

AFS licensees are required to prepare annual financial reports, including a profit and loss statement and balance sheet.

Who is required to submit the AUSTRAC Compliance Report? How?