By Compli-Serve
The Financial Intelligence Centre’s Directive 12 has changed the practical treatment of risk management and compliance programmes for specified accountable institutions: affected firms must now submit their approved RMCPs to the FIC annually through goAML, rather than merely keeping them available for inspection or producing them when ...
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By Compli-Serve
While financial services providers (FSPs) are generally familiar with their obligations to notify the Financial Sector Conduct Authority (FSCA) of changes to their licence particulars, directors, key individuals and shareholding structures, there is another requirement that should not be overlooked: the fitness and propriety of significant owners.
Joint ...
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By Compli-Serve
The Federal Court of Australia has ordered Hollard Insurance Partners Limited to pay an AUD 2 million penalty following serious failures in its handling of a household insurance claim. The judgment provides a particularly troubling account of how an insurance claim arising from storm damage in October 2021 ...
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By Lee Rossini
Philanthropy is often associated with great wealth and substantial donations, but it is about something more meaningful: using what we have to make a positive difference in the lives of others. For financial planning clients, philanthropy offers an opportunity to align personal values with financial resources, create a lasting legacy and contribute to a better society. When approached thoughtfully, giving can become an integral part of a well-structured financial plan.
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