Author: CompliSpace

Is the spotlight starting to shine on Responsible Managers?

February 9, 2017

Responsible Managers play a crucial role in any financial services business. They are the people nominated by the licensee who are directly responsible for significant day-to-day decisions about the ongoing provision of your financial services. However, unlike many professions which prescribe and regulate ongoing training requirements, RMs are left to ‘self regulate’ how they maintain … More Is the spotlight starting to shine on Responsible Managers?

Financial Services Update

December 6, 2016

In this edition ASX Update: Continuous Disclosure and Corporate Governance Practices New Standards for Financial Advisers… it’s happening CompliSpace Responsible Manager Training Workshop: Sydney 16th December ASX Update: Continuous Disclosure and Corporate Governance Practices This blog highlights a number of small, but important, changes that the ASX recently made to a number of their Guidance … More Financial Services Update

Financial Services Update

December 2, 2016

In this edition AUSTRAC takes first steps towards streamlining the AML/CTF Rules AUSTRAC is jumping into the sandbox to offer assistance to FinTechs and startups AML/CTF Independent Reviews – the countdown is on CompliSpace Responsible Manager Training Workshops: Melbourne and Sydney in December AUSTRAC takes first steps towards streamlining the AML/CTF Rules Back in May, … More Financial Services Update

Here we go again – AUSTRAC updates KYC requirements

September 28, 2016

Just when you thought you had got on top of your Customer Due Diligence (CDD) requirements, AUSTRAC has revised Chapter 4 of the AML/CTF Rules in a few small but significant ways. (a) Collection of information about a customer Previously, when undertaking customer identification and verification activities, a reporting entity was required to obtain the requisite information … More Here we go again – AUSTRAC updates KYC requirements

ASX Updates

September 20, 2016

ASX Amendments to Appendix 4C and Appendix 5B – Quarterly Cash Flow Reports are now effective Just a quick update that, following on from ASX consultation regarding the proposed changes to Appendix 4C and 5B Quarterly Cash Flow Reports, ASX has confirmed that these changes are now effective. The details of the changes were outlined … More ASX Updates

What do mystery shopping and digital advice have in common? ASIC

September 13, 2016

Digital advice: ASIC provides guidance on AFSL compliance One of the biggest innovations in recent years within the Financial Services industry is the introduction of digital or ‘Robo’ advice – that is, the provision of automated financial product advice using algorithms and technology without the direct involvement of a human adviser. In response to queries … More What do mystery shopping and digital advice have in common? ASIC

Our top ten tips on how to keep your AML/CTF Program in shape: part two

September 6, 2016

This is the final commentary in our series on common issues identified during the completion of external AML/CTF independent reviews. In this blog, James Cozens, Director, Commercial, and Brooke Benson, Senior Consultant at CompliSpace, build upon the key issues typically identified during the completion of external independent reviews and comment on some common issues identified … More Our top ten tips on how to keep your AML/CTF Program in shape: part two

Our top ten tips to keep your AML/CTF Program in shape: part one

September 1, 2016

This is a series on common issues identified during the completion of external AML/CTF independent reviews. In this series, James Cozens, Director, Commercial, and Brooke Benson, Senior Consultant at CompliSpace, will build upon the key issues typically identified during the completion of external independent reviews and commentary on common issues identified by AUSTRAC. As part of our … More Our top ten tips to keep your AML/CTF Program in shape: part one

It’s AML/CTF Independent Review Time

August 30, 2016

This is the first article in a three part series on common issues identified during the completion of external AML/CTF independent reviews.  In this series, James Cozens, Director, Commercial, and Brooke Benson, Senior Consultant at CompliSpace, will build upon the key issues typically identified during the completion of external independent reviews, as well as commentary … More It’s AML/CTF Independent Review Time