+61 2 8960 7242

Blog




Providing Financial Services Unlicensed? ASIC Steps Up Enforcement Action

Posted on May 7th, 2018 by Sophie Gerber in ACL ComplianceAFSL ComplianceASICLicensing
The Australian Securities and Investments Commission (ASIC) has stepped up enforcement against those involved in operating a financial services business without holding an Australian Financial Service ...

ASIC’s Spotlight Remains on Interest-Only Loans and Responsible Lending Practices

Posted on November 6th, 2017 by Sophie Gerber in ACL ComplianceASICLoans
ASIC continues its focus on interest-only lending, in particular, interest-only home loans and has recently concluded the first stage of its targeted review into the practice. The first stage of th ...

Q&A: APRA’s Tightening of Residential Mortgage Lending Practices

Posted on September 2nd, 2017 by Sophie Gerber in ACL ComplianceFinancial Services and Credit IndustriesLoans
Introduction Welcome to Kaplan Professional’s Q&A series. To provide an overview of APRA’s tightening of residential mortgage lending practices and the practical implications of the changes f ...

AUSTRAC’s New Release: Insight from Compliance Assessments

Posted on June 21st, 2017 by Sophie Gerber in ACL ComplianceAML/CTFAUSTRAC
AUSTRAC released a report titled Insights from Compliance Assessments (Report) in March 2017 which included insights from the compliance assessments it conducted in 2016. The Report outlines the ar ...

Financial Services Sector to Remain in the Spotlight Throughout 2017

Posted on March 21st, 2017 by Sophie Gerber in ACL ComplianceAFSL ComplianceASIC
At the beginning of March 2017, ASIC released their enforcement report for the July - December 2016 period. Report 513 entitled “ASIC enforcement outcomes: July to December 2016” (Report 513) det ...

Tidying Up the Financial and Credit Services Industries

Posted on January 30th, 2017 by Sophie Gerber in ACL ComplianceAFSL Compliance
ASIC Continues to Enforce Bans Against Inappropriate Activity Around the Financial and Credit Services Industry Following on from our blog article published in November 2016, the Australian Secu ...

Reminder to complete your CPD training

Posted on November 30th, 2016 by Sophie Gerber in ACL ComplianceAFSL Compliance
As the calendar year draws to a close, for many the deadline for meeting annual continuing professional development (CPD) training requirements is also fast approaching. Even if your CPD year ends a ...

Ongoing Requirements for ACL holders

Posted on December 22nd, 2015 by Sophie Gerber in ACL Compliance
Australian Credit Licence (ACL) holders have a range of compliance obligations which must be met to ensure compliance with the law. Many of these obligations are commonly overlooked in the course of r ...