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ASIC bolsters cross border powers with landmark agreement

The Australian Securities and Investments Commission (ASIC) recently announced that it has become one of the first signatories to a new co-operative agreement between leading international securities regulators in the UK, USA, Hong Kong, British Columbia and Singapore.

In our article “ASIC Bolsters Cross Border Powers With Landmark Agreement”, Special Counsel Naomi Miller reviews the effect of this decision and highlights the implications for any company that engages in cross-border financial transactions, conducts business through online platforms where data may be hosted overseas, or who has personnel in multiple jurisdictions.

Moving forward, companies will be subject to greater scrutiny as we are likely to see more streamlined and effective co-operation between regulators across borders, with a far greater ability to trace assets, transactions and data; to obtain evidence; and freeze assets and funds.

Please click here to access the article.

© Wotton + Kearney 2018
This publication is intended to provide commentary and general information. It should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this publication. Persons listed may not be admitted in all states and territories.
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