by Kit Legal | Nov 25, 2020 | AFSL, Uncategorized
Prepared by Rosie Jervis. The settlement of a case brought against REST by a super fund member has potential legal implications not only for Super Funds but also for any Investment Managers and Advisers who fail to consider ESG principles as a part of investment...
by Kit Legal | Nov 23, 2020 | AFSL
Prepared by Catherine Evans ASIC is currently seeking information on the issues and impediments that exist around advisers delivering affordable personal advice. Submissions are due by 18 January 2021. You can submit your views online via the link on page 4 of the...
by Kit Legal | Nov 16, 2020 | AFSL, AML
Answered by Rosie Jervis Please be aware that whilst you can outsource certain AML/CTF processes to an outsourced entity the compliance obligations under the AML/CTF Act and the reputational risk arising from non-compliance remains with you, as the reporting...
by Kit Legal | Nov 12, 2020 | AFSL
Prepared by Jodi Ainsworth A new ASIC update on its licensing and registration activities for 2020 highlights the importance of thorough preparation of AFSL applications prior to lodgement, and the need for timely and accurate follow-up responses to ASIC. AFSL...
by Kit Legal | Nov 11, 2020 | AFSL, AML
Answered by Rosie Jervis. Short answer – yes you can, but you need an agency relationship in place and a contract that clearly details the roles and responsibilities of each party. You should also proactively monitor and test the outsourcing provider’s AML/CTF systems...