ASIC has intensified enforcement actions against Responsible Managers who fail to meet 'fit and proper' standards, raising critical questions about competency, character, and regulatory compliance in financial services.

The video discusses the requirements of an Australian Financial Services Licence (AFSL).

This video in the ACL series discusses the necessity of an ACL (Australian Credit License) for your business.

AUSTRAC has released updated guidance for reporting entities regarding suspicious matter reports (SMRs), identifying areas where submissions could be improved to ensure high-quality...

Members with 4 or more complaints have the chance to validate their data before it is included in the AFCA Datacube.

In this new video, AFCA explores the conciliation conference and how it is used to resolve disputes.

ASIC took action against BNPL provider Elepay, for distributing 7 credit products to consumers without a Target Market Determination.

ASIC warned providers in their most recent Market Integrity Update issued in July 2024.

ASIC has identified deficiencies in many TMDs as well deficiencies in licensees' overall compliance with the DDO regime.

Sophie Grace has taken some time to review its 2025 AFS and Credit Licensing trends.

ASIC has granted relief from the requirement to provide a FSG to certain Authorised Representatives.

The process for renewing Ongoing Fee Arrangements (OFA) has been simplified.

Amendments to laws clarify that superannuation trustees may charge fees for advice.

Company attempted to style selling goods as consumer leases when they were credit contracts.

Finfluencers are social media influencers who use their platform to discuss financial products & services with their followers.

For AFS Licensing, Sophie Grace submitted a total of 74 applications to ASIC (either for new businesses looking to obtain an AFS Licence or for existing AFS holders looking to vary their licence).

ASIC alleges that Choosi misled customers through its comparison services in contravention of sections 12DB and 12DF of the ASIC Act 2001.

The AML/CTF Act imposes obligations on financial service and credit providers providing designated service(s) in Australia.

The AML/CTF Act has been amended to clarify how penalty units accrue for those businesses not enrolled with AUSTRAC.

New IDR reporting requirements satisfy Recommendation 8 of the Ramsay Review into financial services dispute resolution.