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Changes proposed to simplify and modernise Australia’s anti-money laundering and counter-terrorism regime – consultation process announced

The consultation paper (available here) is divided into two parts: Part 1 relates to proposals to “simplify and modernise” the…

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Regulators turn up the heat on greenwashing

ASIC and the ACCC continue to deliver on their promises to intensify enforcement activity for suspected greenwashing behaviour. Last Tuesday…

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ASIC takes action against alleged ‘greenwashing’, with more to come

Background In the second action of its kind in less than two months, ASIC last Friday published three infringement notices…

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Warning for licensees: ASIC concerned about breach reporting, plans greater scrutiny

In its first annual report under the new ‘reportable situations regime’ ASIC has observed that: (1) the number of reports it received…

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Regulatory update: Funded class actions no longer managed investment schemes

In the recent decision of LCM Funding1, the Full Federal Court overturned its 2009 decision of Brookfield Multiplex2 and held that…

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The Australian Cryptocurrency Summit: A Conversation about the Crypto Industry’s Future

Overview The crypto-asset industry in Australia is growing rapidly. The balancing of regulation while encouraging further development is key to…

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