The wholesale loophole: same game, different name
While much progress has been made in the professionalism of advice, Jamie Nemtsas argues that the wholesale loophole threatens to unravel the industry.
Even long-standing clients can create unexpected AML risk
Many advisers believe long relationships are their best defence against financial crime risk. Under the new AML framework, familiarity is no substitute for...
When ‘low-risk’ isn’t no-risk: the AML/CTF lessons professional advisers can’t ignore
With AML/CTF regulation expanding in 2026, Catherine Evans dismantles the dangerous myths that low-risk clients and good intentions are enough to keep...
Kit Legal launches AML/CTF solution for advice firms
With Tranche 2 drawing closer and institutional counterparties already testing firms’ AML maturity, Kit Legal’s new framework quietly shifts a looming...
Compo scheme leaves advisers and their clients in the lurch – again
Every time there’s a financial implosion triggering a claim on the Compensation Scheme of Last Resort, it’s the innocent left picking up the pieces. Even...
"Perfect storm" ahead for AFSLs in 2026
The next 12 months represents a significant regulatory challenge for Australian Financial Services Licensees (AFSLs). This is not a "business as usual"...
Compliance is changing, and it could the biggest growth opportunity yet
If the past year has taught us anything, it’s this: the firms that are winning trust and ultimately market share are treating compliance as strategy, not...
Elephant leans on Shield/First Guardian dam wall, cracks it
Macquarie Investment Management has bowed to ASIC pressure and agreed to compensate fully the $321 million in losses its super fund members lost in the...
No more discussion: REs and managed funds must act on ASIC’s compliance-plan review
ASIC has uncovered widespread failings in the compliance frameworks of responsible entities (REs) overseeing nearly $1 trillion in managed funds. Firms have...
EOFY on the horizon? Top five practical tips for advisers
The end of the financial year is here. For many it is a flurry of activity and last-minute scrambling. For financial advisers, this is the time to shine. This...
ASIC right to get to grips with private markets
The release of a landmark report by corporate and financial regulator the Australian Securities and Investments Commission (ASIC) into the nation’s rapidly...