Regulatory Highlights: June 2022

18 July, 2022 Xiaoshu Liu

Welcome to the first issue of our Regulatory Highlights. Key Takeaways Defective disclosure documents may have criminal consequences. Anything false or misleading may have severe consequences. Businesses should monitor all of their communications with the outside world, including website content, online advertisement, seminars, brochures, emails, social media posts and so on. Insider trading is not …

AML/CTF Breaches Reportable to AUSTRAC?

4 July, 2022 Xiaoshu Liu

A question that we get frequently asked is whether a reporting entity is required to report any breaches of the anti-money laundering and counter-terrorism financing (AML/CTF) obligations and/or its own AML/CTF Program to the Australian Transaction Reports and Analysis Centre (AUSTRAC). The short answer is no. AML/CTF Breach Reporting? The question on the reportability of …