By Daniel Knight, Ben Kneebush and Madison Jeffreys
The Australian Securities and Investments Commission (ASIC) published its long-awaited updates to Information Sheet (INFO 225). This represents the result of ASIC’s consultation process on the existing document (which we have discussed here).
Read MoreBy: Judith Rinearson, Jeremy McLaughlin, Jennifer Crowder, and Joshua Durham
Within the past two months, three states have adopted the Money Transmission Modernization Act (MTMA). The governors of Virginia, Mississippi, and most recently Colorado, signed bills that implement the MTMA, and two other states are currently considering similar bills (Alaska and Nebraska).
Read MoreBy: Daniel Knight, Ben Kneebush and Madison Jeffreys
As Artificial intelligence (AI) continues to be adopted and used by Australian Financial Services (AFS) licensees broadly, there is a risk that the deployment of AI might cause licensees to fall short of their existing regulatory obligations and emerging best practices.
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