compliance

Jun
06

Australian FinTech company profile #22 – BGL Corporate Solutions

BGL Corporate Solutions develop amazing compliance software solutions simplifying our clients lives with cloud-based, award-winning technology.

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May
02

Businesses need to assess money laundering risk more frequently

Arctic Intelligence found that many businesses vulnerable to money laundering and other financial crime may not be conducting comprehensive risk assessments

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Apr
30

ATO gathers bulk data from crypto exchanges

The ATO is ingesting bulk records from local cryptocurrency businesses as part of its compliance efforts and were being used for a data-matching program.

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Apr
03

Arctic Intelligence warns many Australian businesses may be vulnerable to financial crime

Arctic Intelligence, a market-leader in financial crime prevention audit, risk and compliance software, warned today that many Australian businesses may be unaware that their internal risk assessment processes do not go far enough; leaving them vulnerable to money laundering, terrorist financing, sanctions and regulatory non-compliance. With organised crime is estimated to cost the Australian economy more than $36 billion a year (source: https://www.acic.gov.au/about-crime/crime-types), government regulations are tightening and the spotlight is on businesses who may be a target for financial crime, to ensure that they have appropriate controls and programs in place. The Australian Transaction Reports and Analysis Centre (AUSTRAC) is responsible for ensuring that more than 14,000 Australian businesses, […]

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Mar
26

New FinTech platform Ontoma set to foster cooperation between regulators, compliance professionals and financial advice licencees

Award-winning software company Dexterous Pro partners with leading financial experts Lifewealth Group to launch the robust financial services platform Ontoma, to provide a FinTech solution for Australia’s financial advice licensees and their Future of Financial Advice obligations (FoFA). Ontoma is the first software response to relieve the compliance burden following the Royal Commission recommendations that indicate financial services licensees need to work harder to demonstrate value for their customers and deliver greater transparency. The streamlined solution will allow advice practices, from self-licensed firms to institutionally aligned businesses, to manage FoFA compliance requirements at a glance like never before. Lifewealth Group CEO Jason Harwood calls this a natural response to the […]

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Feb
20

BGL announces new support platform for CAS 360 and Simple Fund 360

BGL Corporate Solutions, Australia’s leading supplier of SMSF administration and ASIC corporate compliance solutions, is proud to announce the release of our new client support platform using Zendesk for CAS 360 and Simple Fund 360. “We have spent the past few months integrating CAS 360 and Simple Fund 360 with Zendesk to create a seamless support experience for our clients”, said Ron Lesh, BGL’s Managing Director. “Zendesk, used by over 200,000 organisations worldwide, will provide BGL clients with new support experience with more control over their support tickets and greater transparency on the support process”. The release of a new support platform with Zendesk is another game-changer for CAS 360 […]

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Jan
30

AdviserLogic Group joins RegTech space with launch of AdviserLogic Dashboards

AdviserLogic Group has launched AdviserLogic Dashboards, empowering AFSLs to proactively monitor the compliance of their advisers in real time. For the first time, AFSLs are able to gain valuable insights from automatically-updated and configurable dashboards highlighting both areas of concern and opportunities in Compliance, Revenue, Investment & Insurance.  Data can be broken down at AFSL, state, practice and adviser levels giving users granular detail that has never before been seen. AdviserLogic Group CEO, Daniel Gara says “We’re bringing dealer compliance management to a whole new level by combining the sleek and modern design of Dashboards with gamified leaderboards and exception alerts.  Technology is finally empowering AFSLs to approach compliance proactively, […]

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Jan
21

Regtech provider pushes back: it’s on us, not advisers, to change

The challenges regtech providers face in creating effective tools shouldn’t be passed on to advisers, technology company founder Lane Cipriani says. It is the responsibility of the providers to find products for the market, regardless of how difficult that may be, he asserts. Cipriani, executive director of TIQK – a company that scans advice documents for compliance – takes exception to the view, expressed by Matt Symons, chief executive of fellow regtech provider Red Marker, that advisers should come together and form more cohesive guidelines on documents so providers can create more effective tools. “It [isn’t] so much a knock against Matt Symons,” Cipriani says. “I just feel like taking […]

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