MyComplianceOffice Blog

The Australian Securities and Investments Commission (ASIC) has called on market intermediaries to enhance supervisory mechanisms and strengthen oversight of business communications among their authorised representatives.

The Australian Prudential Regulation Authority (APRA) has undergone several initiatives over the last few years to make its standards and guidance simpler, clearer, and more adaptable.

In a culmination of these efforts, APRA has now launched its digital framework, taking shape as its digital “Prudential Handbook”.

The Australian Prudential Regulation Authority (APRA) has imposed additional licence conditions on the trustee of a prominent Super Trust and Superannuation Plan provider, which has around 850K members and $70 billion in funds under management.

The Australian Federal Court recently issued a staggering $1.25 million penalty against a wholesale licensee. 

The Monetary Authority of Singapore (MAS) is taking aim. Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) are squarely in the regulator’s sights with three recent updates.

MAS’ latest enforcement report (January 2022 and June 2023) detailed $12.96m in civil penalties imposed and $7.88m in financial fines and compositions imposed - the highest since MAS Enforcement Reports began their publication in 2019.