the fold icons


Blog.

Home Blog

/blog/page/3/
/blog/page/5/
IT'S AML-CTF REVIEW TIME. 16 Apr 2018
AUSTRAC is serious about anti-money laundering and counter terrorism (AML-CTF). Just take a look at their recent actions against the Commonwealth Bank of Australia (http://www.austrac.gov.au/media/media-releases/austrac-expands-civil-penalty-case-against-cba). Any business that has an AML-CT ..
CRYPTOCURRENCY EXCHANGES ARE NOW REGULATED. 06 Apr 2018
This week new laws came into effect that require anyone who operates a digital currency exchange (DCE) to comply with anti-money laundering and counter-terrorism financing (AML-CTF) regulations. This includes anyone who allows traders to buy and sell Bitcoin, Ethereum and other digital and crypt ..
IT'S TIME TO PAY UP - ASIC'S NEW FUNDING SYSTEM. 03 Apr 2018
ASIC’s new fee and levy structure, introduced on 1 July 2017 means that users now pay for most of the regulator’s costs. As of June this year, you’ll need to start providing information to ASIC about your business so they can calculate your levy. Different payment methods and calculations w ..
ARE CHATBOTS PROVIDING FINANCIAL SERVICES? 19 Mar 2018
Many financial services businesses now use technology, such as algorithms and chatbots, to help attract and service their customers. While some organisations may create their own chatbot software, most use a third party technology provider. In these cases, generally the software is licensed ..
WHEN IT’S ILLEGAL TO OFFER AN INCENTIVE FOR REFERRALS 09 Mar 2018
If you’re trying to grow your business or want to bring more customers to your door, at some point you’re bound to consider implementing a referral program and incentives for making referrals. Referral incentives involve offering a reward to your customers for sending new customers to you.  ..
SIMPLIFY INVESTMENTS WITH BARE TRUSTS. 02 Mar 2018
A small number of sophisticated or wholesale investors can use a bare trust to access investments. They’re convenient as a ‘single-investor’ model, where each asset needs to be separately identified and held on trust for a specific beneficiary. That’s why a bare trust works well for things l ..
MUTUALS: THE FUTURE OF P2P INSURANCE? 26 Feb 2018
Peer-to-peer (P2P) is on the rise - from AirBnb to AirTasker - there’s a distinct shift towards increasing the power of community and insurance is no exception. It’s estimated that the global P2P market for financial services (https://www.nasdaq.com/article/the-rise-of-peertopeer-p2p-lending-cm6 ..
BUY NOW PAY LATER CONSUMER PROTECTIONS NOT CLEAR CUT. 06 Feb 2018
Sales are booming for buy now pay later services. One of the largest operators, Afterpay, achieved more than $900 million (http://www.afr.com/technology/afterpay-touch-shares-hit-record-high-as-sales-surge-20180116-h0j1g5) in sales in the first half of this financial year. The services let c ..
IT'S TIME TO CHANGE THE DEFINITION OF CONTROL. 31 Jan 2018
This is the third post in our series on the ASIC Enforcement Review Taskforce’s third Position and Consultation paper (https://treasury.gov.au/consultation/strengthening-asic-licensing-powers/) on Strengthening ASIC’s licensing powers (the Position Paper). The Position Paper contemplates several ..
DATA BREACH REPORTING – ARE YOU READY? 18 Jan 2018
You’ve heard about the new data breach reporting regime, but what exactly is it and what do you need to do to comply? Effective 22 February 2018, if your business is caught by the Privacy Act, you must report a ‘notifiable data breach’ to the Office of the Australian Information Commissione ..
download link
* Required