No. ASIC expects an AFS licensee’s supervision obligation to apply when a corporate authorised representative or its advisers provide financial...
ASIC expects Australian Financial Services Licensees and Australian Credit Licensees to maintain documented governance, systems and controls that support ongoing...
An effective compliance function should be appropriately resourced, independent where practicable, risk-based and integrated into the licensee’s governance framework. It...
ASIC doesn’t prescribe a specific compliance monitoring methodology for AFS licensees. However, effective compliance monitoring is risk-based when monitoring activities...
ASIC does not require AFS licensees to conduct advice file reviews in a prescribed way. However, effective file reviews are...
AUSTRAC expects reporting entities to maintain an AML/CTF risk assessment that accurately identifies, assesses and documents their money laundering, terrorism...
ASIC does not define compliance monitoring, supervision and assurance as interchangeable obligations. For AFS licensees, they serve different governance purposes....
ASIC expects AFS licensees to maintain compliance frameworks that are effective, documented and appropriate for the nature, scale and complexity...
ASIC uses different surveillance types, and the evidence it seeks depends on the specific project. Thematic surveillance focuses on a...
Under the AML/CTF regime, AUSTRAC expects reporting entities to identify and assess unusual activity that may indicate money laundering, terrorism...