NEWSLETTER: Banking Sector – Issue 91

17 September 2021

Publications

Welcome to Issue 91 of our Banking Sector Newsletter.

In this issue, ASIC has released guidance around new breach reporting obligations for Australian Financial Services licensees. The reforms take effect from October 1.

Also in this issue, AUSTRAC has released four new risk assessments for the Australian banking sector covering money laundering and terrorism financing. The risk assessments are the latest in a series of money laundering and terrorism financing risk assessments developed to assist the Australian financial services sector to identify, understand and disrupt serious criminal activity targeting Australia’s financial system and community.

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