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Compliance Monitoring

CASE INSIGHT

Australian Securities and Investments Commission v Australia and New Zealand Banking Group Limited (Retail Cases Omnibus) [2025] FCA 1593

ASIC v ANZ (Retail Cases Omnibus) [2025] FCA 1593 examines systemic failures across hardship notices, bonus interest and deceased-estate administration. The decision highlights the need for reliable customer-outcomes systems, accurate records, effective monitoring and board oversight of recurring operational compliance failures.
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CASE INSIGHT

Australian Securities and Investments Commission v Firstmac Limited (Penalty Hearing) [2025] FCA 12

ASIC v Firstmac Ltd (Penalty Hearing) [2025] FCA 12 is a significant design and distribution obligations decision concerning inadequate target market controls. The judgment confirms that product issuers and distributors must operationalise target market determinations through effective screening, staff training, documented procedures and ongoing monitoring.
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CASE INSIGHT

Australian Securities and Investments Commission v AGM Markets Pty Ltd (in liquidation)(No 3) [2020] FCA 208


In ASIC v AGM Markets Pty Ltd (in liquidation) (No 3) [2020] FCA 208, the Federal Court found extensive breaches involving unlicensed personal advice, inappropriate recommendations, misleading conduct, unconscionable systems and inadequate AFSL supervision. The decision confirms that licensees may outsource functions, but not their statutory responsibility.
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Step 1 of 8 - Your Role

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Assess your ASIC exposure

Answer a few targeted questions to identify where your compliance may not stand up under ASIC review.

Takes less than 2 minutes. No preparation required.

What best describes your role?