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Bright Law provides financial services regulatory compliance and training services and, through Bright Corporate Law, legal services. We provide our clients with confidence to manage regulatory risks through guidance, insight, advice and training.

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ASIC has published a report on its review of eight lenders from the motor vehicle finance (car loans) sector.It focused on consumer outcomes, including for consumers in regional and remote locations and First Nations consumers. It found significant indicators of

Recently, regulators have explained how current laws apply to businesses’ use of AI and its risks.They discussed how companies were using AI in their businesses, how it was being governed and how risks were being managed.Relevant existing Australian laws include:•

In preparation for the extension of the AML/CTF regime to Tranche 2 entities AUSTRAC has updated its regulator statement of expectations, as well as reporting forms.AUSTRAC has updated its regulator statement of expectations for businesses in meeting their AML/CTF obligations.The

The Australian Privacy Commissioner’s recent activity includes: consultation on Guidance for Transparency in Automated Decision Making, updating its Chapter 3 Australian Privacy Principles guidelines on the collection of personal information by new technology, as well as the Privacy Commissioner’s recent